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

A trader turned $1000 into $750,000 with a Sunwukong-inspired memecoin on the Tron network.

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.

Chart of SUNWUKONG
Chart of SUNWUKONG

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 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.

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.

(3 votes)

3.3/5

(3 votes)
  1. Avatar of Jennifer Hendrix
    Jennifer Hendrix

    Did it cross anyone else’s mind that maybe the Tron founder and the anonymous trader are one in the same?

Comments are closed.

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.