How a $1K Investment in Tron Memecoin SunWukong Turned into $750K: A Viral Crypto Success Story

Aug 22, 2024

How a $1K Investment in Tron Memecoin SunWukong Turned into $750K: A Viral Crypto Success Story
How a $1K Investment in Tron Memecoin SunWukong Turned into $750K: A Viral Crypto Success Story
How a $1K Investment in Tron Memecoin SunWukong Turned into $750K: A Viral Crypto Success Story

An anonymous trader on the Tron network made headlines by turning a $1,000 investment into $750,000 in just 12 hours by trading the memecoin SunWukong (SUNWUKONG). The trader initially purchased 43.8 million tokens for around $997. The surge in value was fueled by Tron founder Justin Sun, who changed his profile picture on X (formerly Twitter) to Sun Wukong, a character from the newly released game Black Myth: Wukong. This move coincided with the game's massive success, which drove the memecoin's price up by an extraordinary 566,500% to a peak market cap of $17 million.Despite the rapid rise, the trader has not sold any of the tokens, and the value has since dropped by 58%, leaving the trader's holdings worth about $329,000​.