The crypto market has once again demonstrated its volatility as an investor turned nearly $1,200 into $10 million in just three days by investing in the TRON BULL meme coin.
Success Story
According to a report by blockchain analytics platform Arkham Intelligence, the investor with wallet address “TAMr…2Gpn” turned out to be one of the first traders of the TRON-based meme coin, TRON BULL, launched on August 22. The coin caught attention on August 25 after influencer Crash named it the top meme coin on TRON. The user spent $780 buying BULL on the newly created SunPump platform and an additional $390 on SunSwap, bringing the total investment to $1,200. Within a day, the asset surged by 4000%, growing the investment to $10 million over a few days. However, due to a broader market pullback, the current portfolio value stands at $4.3 million.
Community Reaction
This incredible story has sparked mixed reactions among crypto enthusiasts. While some congratulated the investor, others, like user Crypto Hunter, accused the investor of insider trading. It recalls a 2023 instance where a $12 investment in Shiba Inu grew to $1 million.
Top TRON Meme Coins
Despite BULL’s sudden rise into the top TRON meme coins, Justin Sun’s SUNDOG maintains dominance with a market cap of $269 million and a current price of $0.0026. Meanwhile, the meme coin SUNCAT is gaining popularity, trading at $0.0160, up 17% in the past 24 hours. These active meme coins contribute to the growth of the TRON ecosystem and its community engagement.
Currently, BULL is trading at $0.133 after declining by 21% in the last seven days. TRON has shown substantial growth, with transactions surpassing Ethereum and Solana. However, its Total Value Locked (TVL) has plunged to a six-month low of $435 million, indicating potential upcoming volatility.
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