Anonymous Trader Turns $1000 Investment in New Tron Memecoin into $400,000

The memecoin in question is called Sunwukong and the Tron-based memecoin was created using the new Tron-based memecoin generator known as Sun Pump.

A crypto trader turned a $1,000 investment in a new Tron memecoin into $400,000 after a recent surge in the memecoin's price was triggered by a change in Justin Sun's profile picture.

The memecoin, called Sunwukong, was created using the Tron-based memecoin generator Sun Pump. The transaction was spotted by Blockchain analytics firm Arkham Intelligence, which shared the details of the trade while also extending congratulations to the trader.

“Congratulations to trader TDm2 for turning $1K into $400K on SUNWUKONG

TDm2 bought $999.9 of SUNWUKONG before it exited @sunpumpmemes bonding curve 2 days ago. After Justin Sun changed his profile picture to Sun Wukong, TDm2’s tokens are now worth $403,187—a >400x gain.”

SUNWUKONG is a memecoin based on the popular game “Black Myth: Wukong”. Arkham Intelligence tweeted.

What is Sunwukong?

Inspired by a character named Wukong from a recently released Chinese folklore-based video game Black Myth, the Sunwukong memecoin was created using Sun pump, a Tron-based memecoin generator that aims to rival Solana's Pump. fun.

The game was launched on August 20, and it has already become one of the most played games on the platform, with over 2.2 million players.

According to DexScreener data, Sunwukong's memecoin increased from roughly $3,000 to a peak of $17 million, a gain of over 566,500 percent in less than 12 hours.

However, the token has decreased by 1.6% from its all-time high.

Sunwukong is currently trading at $0.0118, up 24.0% over the past 24 hours, with a maximum price of $0.0119 and a minimum price of $0.00843, according to the last report.

With a maximum supply of 1 trillion tokens, the memecoin had a circulating supply of 999.9 billion at the last report. At the time of the report, Sunwukong was trading for a price of 0.00000406 BTC and 0.00005903 ETH. At the last report, the memecoin had a market capitalization of over $12 million.

The anonymous trader has not yet sold any tokens from his profits, according to Tron scan data.

Following its launch 12 days ago, the memecoin generator used to create Sunwukong has already brought in $1 million in revenue. The project’s goal is to match the success of Pump fun, a Solana venture that has brought in $95 million since January.

It's important to note that memecoin trading, while potentially lucrative, can also be quite risky, with double-digit losses being quite common in memecoin trades. It is best for traders to trade with money they can only afford to lose.

Earlier, Nairametrics covered the story of a Shiba Inu trader who turned $2,700 into $1.2 million by trading Shiba Inu over a period of two years.

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