A crypto trader has made a huge profit trading the Tron memecoin called 'SunWukong'

With an initial investment of just $1,000, the trader managed to grow his stake to a whopping $750,000. This huge profit highlights both the potential and volatility of the crypto market.

A crypto trader has managed to make a huge profit trading the Tron memecoin called ‘SunWukong’. With an initial investment of just $1,000, the trader was able to grow his stake to a massive $750,000.

This huge profit showcases the potential of the crypto market, where traders can achieve significant returns, but it also comes with inherent risks. Despite making this huge profit, the trader has opted not to sell any of his tokens.

Inspired by Black Myth: Wukong

The SunWukong memecoin launched on the Tron blockchain and is inspired by the popular game Black Myth: Wukong. Since the game’s launch earlier this week, it has gained immense popularity, driving interest in the SunWukong memecoin.

With the game garnering so much attention, it’s no wonder that the SunWukong memecoin quickly gained value and attracted interest from both retail and institutional investors.

A 750x profit

The crypto trader in question purchased 43.8 million SunWukong tokens for just $997. At their peak, these tokens were valued at nearly $750,000. Tron founder Justin Sun played a key role in promoting the hype around this memecoin by changing his X profile picture to SunWukong.

However, SunWukong’s price is now declining, and the trader’s tokens are only valued at around $220,000, highlighting the extreme volatility of memecoins and how rapidly their value can fluctuate.

SunPump sees massive success

Tron memecoins have recently seen a surge in popularity, thanks to Tron founder Justin Sun launching his own memecoin platform called SunPump, following Solana’s Pump.fun platform. Since its launch, SunPump has generated over $1 million in revenue in just eight days.

Claim your €50 Bonus at OKX – Only via Newsbit!

Are you interested in entering the world of crypto and perhaps buying Tron or other cryptocurrencies? Then this is your chance! We have a special offer for you, thanks to our exclusive partnership with OKX.

When you create an OKX account today using the button below, you will receive a €50 welcome bonus.

Don’t miss this opportunity to kick-start your crypto adventure. Click now, claim your bonus, and start trading!

Please note: Terms and conditions apply.

The above is the detailed content of A crypto trader has made a huge profit trading the Tron memecoin called 'SunWukong'. For more information, please follow other related articles on the PHP Chinese website!