Trader Achieves 443-Fold Profit on Meme Token SunWukong

An unknown trader acquired 43.8 million SUNWUKONG tokens on the TRON (TRX) network for $997, which at the time of writing have exceeded a value of $441,450. The trader continues to hold the asset.

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

— Arkham (@ArkhamIntel) August 21, 2024

At its peak, the trader’s position was valued at $750,000. Since the purchase, the investor’s unrealized profit has increased 443-fold.

The value of SunWukong soared after TRON founder Justin Sun changed his profile picture on X to an image of Sun Wukong, a character from the video game Black Myth: Wukong, released in China on August 20. Within the first day, the game attracted over 2.2 million users on the Steam gaming platform.

On August 20, TRX returned to the top 10 cryptocurrencies by market capitalization, displacing Cardano (ADA) in the CoinMarketCap rankings.

A key factor in the cryptocurrency’s growth was the launch of SunPump on August 10, a new platform for creating and trading meme tokens. Since then, its revenue has exceeded $1.6 million.

SunPump vs Pump.fun

In terms of revenue and the number of tokens created in the last 24 hours, SunPump has surpassed its predecessor Pump.fun, based on Solana.

According to Dune Analytics, analyst Adam Tehc reported that 7,351 meme tokens were launched on the TRON network platform, with its revenue rising to $585,000, compared to 6,701 tokens and $366,000 for its competitor.

.@justinsuntron‘s Sun Pump ends the day flipping Pump Fun in both issued tokens & 24-hour fees. pic.twitter.com/0pkELP1bHA

— Adam (@Adam_Tehc) August 22, 2024

The popularity of SunPump has improved TRON’s on-chain metrics. Over the past 24 hours, the network achieved a record revenue of $3.48 million, according to DeFi Llama.

The presale of PlayDoge (PLAY) tokens concludes on August 26. At the time of writing, the project has raised over 6 million USDT at a price of $0.00531 per token. Users can purchase PLAY using Ethereum (ETH), BNB, Tether (USDT), or via bank card.

We’re in the final stage of the #presale. ?

Are you ready for the best #P2E game of the year? ?

Earn $PLAY tokens and choose wisely what you feed your PlayDoge! ?️

LAST CHANCE TO BUY! ? https://t.co/JT0VEofqf2 pic.twitter.com/L3vML5z3xi

— PlayDoge (@PlayDogeGame) August 13, 2024

After purchasing, PLAY can be staked. In the future, coin holders will be able to use them to nurture a virtual 8-bit pet in a Play-to-Earn tamagotchi-style game.

Back in July, CoinGecko experts noted a sustained interest from investors in meme coins.