Trader Turned $1.69K in SUNDOG Into $20M in Just 6 Days: Here’s How

A memecoin trader, identified by the wallet address TT4S5, has made a significant profit by investing in SUNDOG tokens. This early investor acquired 104.33 million SUNDOG tokens for $1,690 during the token’s initial phase. Within less than a week, their modest investment skyrocketed in value, turning into an astounding $20.60 million.

This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days

TT4S5 was one of the earliest SUNDOG buyers & purchased 104.33M tokens for $1.69K.

They currently hold $19.52M of SUNDOG across 7 addresses, and also sent $1.08M SUNDOG to exchanges – for a total profit of $20.60M. pic.twitter.com/ny9HW7qP8R

— Arkham (@ArkhamIntel) August 20, 2024

Currently, TT4S5 holds SUNDOG tokens valued at $19.52 million, distributed across seven different addresses. The trader has also moved $1.08 million worth of SUNDOG tokens to various exchanges, likely to secure profits or prepare for future trades. This strategic maneuver has brought their total profit to an impressive $20.60 million.

SUNDOG’s Rapid Surge on Tron

The SunDog memecoin, SUNDOG, has made a strong debut in the crypto market, quickly surpassing a market capitalization of $200 million. Since its launch on August 15th, SUNDOG has become the leading memecoin on the SunPump platform, with its value increasing by over 270% in just six days. According to CoinMarketCap, the token is currently trading at $0.24.

SUNDOG’s rapid rise in popularity has attracted large investors, or “whales,” who have made substantial six-figure investments in the token, as noted by a post on the social media platform X. Also, an individual within the community believes that SUNDOG could be the first meme coin on Tron to reach a market cap of $1 billion.

Since its launch, SUNDOG’s price has surged from $0.05 to $0.26, with continued momentum pushing it higher. Major exchanges, including HTX (Sun-advised), MEXC, Hitbit, and Bitget, have listed the SUNDOG token. HTX leads in trading volume with $26.9 million, followed closely by MEXC with $20.46 million.

SunPump Draws Attention to Tron Memecoins

The success of SUNDOG is largely attributed to the new SunPump platform, which is specifically designed for memecoins on the Tron network. SunPump has garnered significant attention, with more than 10,000 users accessing the platform last week alone.

According to Tronscan data, SUNDOG has a circulating, total, and maximum supply of 1 billion tokens and currently boasts 14,182 holders. It is notable for being the first significant meme coin to launch on the SunPump platform, marking a new chapter in the evolving memecoin ecosystem on the Tron network.