An incredible investment story recently unfolded on the Tron blockchain network, where an anonymous trader turned $1,000 into over $750,000 in just a few hours. Their secret? A new memecoin called SunWukong (SUNWUKONG).
On August 21, Arkham Intelligence—a reputable blockchain analytics platform—shared this shocking information on social media platform X (formerly Twitter). The lucky investor reportedly purchased 43.8 million SunWukong tokens for just $997.
What caused the sudden surge in SunWukong’s value?
The answer lies in an seemingly unrelated event: the launch of the video game “Black Myth: Wukong,” based on Chinese mythology. Shortly after Tron founder Justin Sun changed his profile picture on X to the character Sun Wukong from the game, the memecoin’s value skyrocketed.
The allure of “Black Myth: Wukong” is undeniable. In its first 24 hours after release on August 20, the game attracted over 2.2 million concurrent players on Steam—a remarkable record for a single-player game.
According to data from DexScreener, SunWukong’s market capitalization surged from around $3,000 to $17 million—a staggering increase of over 566,500% in less than 12 hours. The trader’s initial $1,000 investment peaked at $750,000.
However, as with all crypto investments, there are inevitable ups and downs. At the time of writing, SunWukong’s price has dropped 25% from its peak, with a current market capitalization of around $12 million.
Notably, according to Tronscan data, the investor has not yet sold any of their SunWukong tokens. This means that the massive profit still exists only on paper.
This event occurs amid a booming memecoin market on the Tron network. A prime example is Sun Pump—a memecoin deployer platform inspired by Justin Sun’s name. Within just 12 days of its launch on August 10, Sun Pump generated an impressive $1 million in revenue.
Related: Tron Surpasses ADA to Claim 10th Market Cap Position
Sun Pump is seen as a “clone” of Pump.fun—a popular memecoin deployer on the Solana network. Since its launch in January, Pump.fun has generated a staggering $95 million in revenue, fueling a surge in memecoin activity on Solana.
Did it cross anyone else’s mind that maybe the Tron founder and the anonymous trader are one in the same?