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Amid a major bloodbath within the broader crypto market in September, an example like this one crypto trader making $10 Million with $1.2K maintains the user’s interest. More importantly, such high gains are the main attraction for new investors. Especially with meme coins like TRON Bull, it has become easier for the newbies to become a part of this industry. However, the volatility turns things worse as it keeps the market grounded.
Crypto Trader Made $10M With $1.2K In Memecoins
A crypto trader, known as TAMr, has shown great profit-making potential in meme-based cryptocurrencies. This has become more significant for the TRON network as many tokens launched on this have turned profitable for the holders. Earlier, the same trends were for the Solana meme coins, but that has changed now.
The crypto investor invested $1.2K to buy 33.062M TRON Bull, which made him $10 Million within three days. This revelation came after Arkham Intelligence, an analytics platform, revealed this profiting journey on X. As per the post, the trader made two investments worth $1,170, which turned into $10M. He first bought $780 worth of BULL tokens on Sunpump and another $390 when Sunswap launched the token.
This trader turned $1.2K into $10 MILLION in 3 days
TAMr was one of the first to buy TRON BULL, purchasing $780 on Sunpump. He purchased another $390 of TRON BULL once it reached Sunswap.
Within 3 days, his BULL position hit a peak of over $10 MILLION – and now has bled down to… pic.twitter.com/U7u7hq47Nw
— Arkham (@ArkhamIntel) August 30, 2024
Sunpump is a popular launchpad for meme-based cryptocurrencies, where early adopters can join the latest trends. The trader benefitted from these early trends as the token value spiked more than 400K% within 24 hours of its launch on the Sunswap, a popular crypto exchange.
This strategic investment has helped many investors in their profitable journey. Just recently, a TRON trader has also made millions with an investment of a few hundred, expressing the importance of the right time investment in the right crypto projects.
How is TRON Bull Performing Now?
The Arkham reports reveal that the crypto trader still holds all the tokens. However, the valuation of the holding has dropped heavily. At the time of writing, the investors’ holdings are worth only $3.76M, as the value has fluctuated significantly in the last two weeks.
Other than BULL, the investors also hold 12.771K TRX (worth $1.91K) and 19.522 SUNDOG worth around $4.13, indicating at his pure interest in this newly launched TRON token.
This TRON Bull peaked on August 28, creating an all-time high of $0.1963 per CoinmarketCap. However, that did not last long as the volatility took over, pushing it to the lowest of $0.07206 a few days ago. Even at the time of writing, the BULL price is at $0.1137 after a 6% drop over the week. Moreover, it has a market cap and trading volume of $113.16M and $1.72M significantly. Meanwhile, it’s also worth noting that the TRX token traded at $0.1537 as of writing.
Final Thoughts
Another prime example of the market’s volatility is this crypto investor making $10 Million from just $1.2K as the newly launched TRON Bull token price surged to the roof with heavy demand. The token value surged 4ooK% within 24 hours of its launch on the Sunpump, providing heavy gains to its holders, including this one crypto trader who bought 33.062M TRON Bull at the August end. However, the same $10M holdings are now worth $3.76M after the value dropped significantly.
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