This Memecoin Trader Missed a $6M Gain as He Turned $1.2k to $10M in Three Days

A cryptocurrency trader has missed a chance to realize a gain of more than $6 million after his investment in Tron Bull witnessed an 833,233% increase within three days.

Data from on-chain analytics firm Arkham Intelligence revealed that the trader, whose wallet address began with TAMrp4Q, has lost roughly $6.1 million on his stash because he has not taken profit.

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

Trader Misses $6M Profit on Investment

According to Arkham, TAMr first purchased $780 worth of Tron Bull (BULL) on August 22 via the Tron-based memecoin trading platform SunPump. He was among the first users to buy the memecoin.

The trader purchased another tranche of BULL worth $390 after the cryptocurrency got listed on the Tron-based decentralized trading protocol SunSwap, bringing his total investment to $1,170.

Within the next three days, TAMr‘s investment in BULL skyrocketed, and his stash became worth $10 million. However, the trader failed to take their profit, and the position bled down to $3.99 million at the time of writing. 

Gains And Losses

TAMr is just one on a long list of traders who have missed opportunities to realize gains on their crypto investments. Cointab has reported other incidents where market participants lost their funds for several reasons, not just failure to take profits.

One trader lost roughly $1 million about 24 hours ago after investing 7,156 Solana (SOL) worth $1.03 million in a dubious memecoin inspired by French footballer Kylian Mbappe. Bad actors hacked Mbappe’s X account and used it to promote the token MBAPPE, which was created using the Solana-based memecoin deployer Pump.fun. 

MBAPPE was pumped and dumped within minutes, dragging the trader’s investment down. By the time the token declined, the unfortunate trader was left with $9,200.

Another incident, which took place in June, entailed a market participant losing $341,400 in less than a minute while trading DJT, a memecoin allegedly associated with former U.S. President and current presidential candidate Donald Trump.

Amid numerous stories of traders losing substantial sums while trading memecoins, there have also been occurrences where other investors made life-changing money by trading the same or different assets. Last week, a lucky trader netted $20 million from a $1,690 investment in SUNDOG.