Trader Turns $1,000 into $750K Overnight, Thanks to a Crypto Billionaire’s Profile Pic
One lucky meme coin trader watched his investment of $999.91 Sun Wukong ($SUNWUKONG) balloon into unrealized returns of about $750,000, according to a tweet by blockchain intelligence company Arkham Intel.
Unknown trader TDm2 snapped up a fraction under a thousand dollars worth of $SUNWUKONG in the early hours of August 19th UTC. The token is a new TRON meme coin that pays tribute to Sun Wukong, the main character in the newly released Black Myth: Wukong video game.
Congratulations to trader TDm2 for turning $1K into $400K on SUNWUKONG
TDm2 bought $999.9 of SUNWUKONG before it exited @sunpumpmeme’s 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.… pic.twitter.com/DYyMAFfjcR
Yesterday, TRON founder Justin Sun changed his profile picture to Sun Wukong and the meme coin exploded in value.
TDm2’s holdings rose up past $400,000 and at their height were worth $750,000, making for unrealised profits of 750X.
However, the anonymous investor still hasn’t sold their stash, and they’re currently sitting on about $526,109.98, according to on-chain data.
According to DEXScreener, Sun Wukong currently commands a market cap of $9.5 million with a 24-hour trading volume of $14.3 million.
The most recent trading chart suggests that the price may recover up to $0.016, but right now it is displaying early signs of a bearish flag pattern, suggesting the potential of a sudden drop to lower than the previous $0.0095 support level.
There’s only so much mileage the Sun Wukong meme coin will have when its price drivers come from video game or Justin Sun announcements.
Still, it’s a drop in the ocean compared to crypto’s entrenched $40 billion meme coin sector.
Thos
Read more on cryptonews.com
