{"id":16308,"date":"2024-08-22T12:50:25","date_gmt":"2024-08-22T09:50:25","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-achieves-443-fold-profit-on-meme-token-sunwukong\/"},"modified":"2024-08-22T12:50:25","modified_gmt":"2024-08-22T09:50:25","slug":"trader-achieves-443-fold-profit-on-meme-token-sunwukong","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trader-achieves-443-fold-profit-on-meme-token-sunwukong\/","title":{"rendered":"Trader Achieves 443-Fold Profit on Meme Token SunWukong"},"content":{"rendered":"<p>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 <a class=\"tracking_link\" href=\"https:\/\/tronscan.org\/#\/address\/TDm2Z3PzqoFcdkAvj1Fyfrt1gQQCYinTWp\" target=\"_blank\" rel=\"noopener\">hold the asset<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Congratulations to trader TDm2 for turning $1K into $400K on SUNWUKONG<\/p>\n<p>TDm2 bought $999.9 of SUNWUKONG before it exited <a href=\"https:\/\/twitter.com\/sunpumpmeme?ref_src=twsrc%5Etfw\">@sunpumpmeme<\/a>\u2019s bonding curve 2 days ago.<\/p>\n<p>After Justin Sun changed his profile picture to Sun Wukong, TDm2\u2019s tokens are now worth $403,187 \u2014 a >400x gain.\u2026 <a href=\"https:\/\/t.co\/DYyMAFfjcR\">pic.twitter.com\/DYyMAFfjcR<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1826292487238930491?ref_src=twsrc%5Etfw\">August 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At its peak, the trader&#8217;s position was valued at $750,000. Since the purchase, the investor&#8217;s unrealized profit has increased 443-fold.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcZuf6irVWU4zl--keYEsufhTG8gHO_IMA5wuone23KrSai4AY_65XGhileOqVIR-lw9PaYHKUayRvORm-p_YzSBgjBCcraUODEXUNXk7t8z51whwrZYh5x0PLsUZ_PmhbrZ-2kCTUFQHXSIBZ2KAePD5A4?key=1Iz0p-hQoOvyqsV1xFsyow\" alt=\"Trader Achieves 443-Fold Profit on Meme Token SunWukong\"\/><figcaption class=\"wp-element-caption\">Data: <a class=\"tracking_link\" href=\"https:\/\/dexscreener.com\/tron\/thumltrgjbfamaoa8isuuwfjfkmhtbkzof\" target=\"_blank\" rel=\"noopener\">DEX Screener<\/a>.<\/figcaption><\/figure>\n<p>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.<\/p>\n<p>On August 20, TRX returned to the top 10 cryptocurrencies by market capitalization, displacing Cardano (ADA) in the CoinMarketCap rankings.<\/p>\n<p>A key factor in the cryptocurrency&#8217;s growth was the launch of SunPump on August 10, a new platform for creating and trading meme tokens. Since then, its revenue has <a class=\"tracking_link\" href=\"https:\/\/dune.com\/hashed_official\/sunpumpmeme\" target=\"_blank\" rel=\"noopener\">exceeded $1.6 million<\/a>.<\/p>\n<h2 class=\"wp-block-heading\"><strong>SunPump vs Pump.fun<\/strong><\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\">@justinsuntron<\/a>&#8216;s Sun Pump ends the day flipping Pump Fun in both issued tokens &#038; 24-hour fees. <a href=\"https:\/\/t.co\/0pkELP1bHA\">pic.twitter.com\/0pkELP1bHA<\/a><\/p>\n<p>\u2014 Adam (@Adam_Tehc) <a href=\"https:\/\/twitter.com\/Adam_Tehc\/status\/1826427947781161101?ref_src=twsrc%5Etfw\">August 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The popularity of SunPump has improved TRON&#8217;s on-chain metrics. Over the past 24 hours, the network achieved a record revenue of $3.48 million, according to <a class=\"tracking_link\" href=\"https:\/\/defillama.com\/chain\/Tron?volume=false&#038;revenue=true\" target=\"_blank\" rel=\"noopener\">DeFi Llama<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfdPUJAdNWl6Ad6z2bnwklVzmLqhyHpGdBa6y0owtCaxpxC3J8kXuGb-1qVZaMkJnfRWZtk_FV3d4w85K_2sDa5T-5LHp1O5ckpARDY_o7CeGDE0fhsUZJfn2IS9D4eaLAceb-jLGaKfb10LGZJ6HDdZIk4?key=1Iz0p-hQoOvyqsV1xFsyow\" alt=\"Trader Achieves 443-Fold Profit on Meme Token SunWukong\"\/><figcaption class=\"wp-element-caption\">Data: DeFi Llama.<\/figcaption><\/figure>\n<p>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 $0.00531 per token. Users can purchase PLAY using Ethereum (ETH), BNB, Tether (USDT), or via bank card.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re in the final stage of the <a href=\"https:\/\/twitter.com\/hashtag\/presale?src=hash&#038;ref_src=twsrc%5Etfw\">#presale<\/a>. ? <\/p>\n<p>Are you ready for the best <a href=\"https:\/\/twitter.com\/hashtag\/P2E?src=hash&#038;ref_src=twsrc%5Etfw\">#P2E<\/a> game of the year? ?<\/p>\n<p>Earn <a href=\"https:\/\/twitter.com\/search?q=%24PLAY&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PLAY<\/a> tokens and choose wisely what you feed your PlayDoge! ?\ufe0f<\/p>\n<p>LAST CHANCE TO BUY! ? <a href=\"https:\/\/t.co\/JT0VEofqf2\">https:\/\/t.co\/JT0VEofqf2<\/a> <a href=\"https:\/\/t.co\/L3vML5z3xi\">pic.twitter.com\/L3vML5z3xi<\/a><\/p>\n<p>\u2014 PlayDoge (@PlayDogeGame) <a href=\"https:\/\/twitter.com\/PlayDogeGame\/status\/1823374126381138428?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.<\/p>\n<p>Back in July, CoinGecko experts noted a sustained interest from investors in meme coins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s bonding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1161,951],"class_list":["post-16308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes","tag-tron"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16308"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16307"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}