Trader Turns $1,000 into $750,000 with Memecoin on TRON

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 investor has not sold any SunWukong tokens yet.

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.

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.