Crypto Trader Made $750K With $1K As Token Surged 566,500%

Today is not the most favorable day for crypto investors. The global market cap has declined to $2.06T after a 6% loss, where most cryptocurrencies lost their new gains. However, not every day looks like this, where token value declines and investors go with loss. Instead, there are days, more specifically, moments when a few thousand can turn into millions. One prime example is this anonymous crypto trader, who invested $1k in a newly launched meme coin, SunWukong, making $750K with his one investment.

Crypto Trader Made $750K With Just 1K

Though the crypto market’s sentiments turned neutral per the fear and greed index, an unknown crypto trader steals the limelight after making $750K in the newly launched token. As per Arkham Intelligence X’s post, this anonymous trader bought 43.8 million SunWukong, worth only $999.9 just three days ago. Within a short period, the same $1k turned into $750,000 because of the promotional activities of the Tron founder.

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

Justin Sun, the founder of Tron, has earlier changed his X platform’s profile picture to the token image, causing an instant rush of demand among investors. As Sun has been an influential personality in the crypto world, SunWukong’s price surged almost immediately, making heavy profits for the early buyers.

More importantly, this meme coin was launched just recently after the launch of the Black Myth: Wukong, a Chinese folklore-based video game on August 20. It became an instant hit with onboarding more than 2.2 Million users within a day.

The impact of that, along with Justin Sun’s involvement, has pushed the token by more than 566,500%  within 24 hours. With that its market cap surged from $3,000 to $17 million, making millions of dollars for every holder, including this one anonymous trader.

Interestingly, the crypto investor still holds all of its bought tokens per the Tronscan data, raising the expectation of other holders for upcoming gains.

How SunWukong is Performing Today?

SUNWUKONG instant popularity clarifies the hype around meme coins, especially with the TRON ecosystem. Earlier, Solana meme coins were the trend at the beginning of the year, but now that has changed to TRON.

With only a few days since the launch, this meme token now holds $19.4M in market capitalization and $7.8M in trading volume, indicating high demand.

Moreover, it is now trading at a value of $0.01941 and has moved significantly from its best-performing moment. However, despite that, it is still profitable for many. The token, which this crypto trader still holds, is now worth only $850,158, maintaining a good valuation.

Final Thoughts

An anonymous crypto investor has shocked the investor’s world with his heavy profit margin on the meme-based cryptocurrency’s investment. Arkham, a crypto analytics platform, revealed how a trader bought only $1k worth of a game-based meme coin and made $750,000 almost immediately. The platform also revealed Justin Sun’s promotional involvement, pushing the token market cap by 566,500%  within 24 hours. The crypto trader still has 43.8 Million tokens, and the value has now moved to $850,158.