The crypto community is abuzz after an anonymous trader, identified as TDm2, transformed a $1,000 investment into a staggering $400,000 through a new Tron-based memecoin called Sunwukong.
The memecoin, inspired by the popular game “Black Myth: Wukong,” was created using the Sun Pump memecoin generator.
This transaction, highlighted by blockchain analytics firm Arkham Intelligence, caught attention when Tron founder Justin Sun changed his profile picture to Sun Wukong, significantly boosting the coin’s value.
Sunwukong, launched just days ago, saw an explosive surge in value, with its market capitalization reaching over $12 million.
The memecoin’s price skyrocketed by over 566,500% in less than 12 hours, before stabilizing slightly. Despite the massive potential profit, the trader has not yet sold any of their holdings, according to Tron scan data.
The success of Sunwukong has mirrored the momentum of similar memecoin projects, with the Sun Pump generator already generating $1 million in revenue shortly after its launch.
However, the volatile nature of memecoin trading is highlighted, reminding traders of the significant risks involved.