- TRON-based meme coin BULL makes a new millionaire as an investor witnesses his $1,200 investment rise to $10 million in just a few days.
- According to reports, the investor partly invested in the asset on SunPump and made additional purchases on SunSwap right after the silent launch of the meme coin.
The crypto market has produced another millionaire after an investor turned a nearly $1,200 investment into $10 million in just three days.
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According to the story disclosed by leading blockchain analytic platform Arkham Intelligence, the investor with wallet address “TAMr…2Gpn” was one of the first traders of the TRON-based meme coin, Tron Bull (BULL). The asset was quietly launched on August 22 but gained attention on August 25 after an influencer identified as Crash named it the number one meme coin on TRON.
um…. we might have found the #1 meme on Tron I think$BULL https://t.co/ekv0fX0jJ6 pic.twitter.com/OmuLeafggl— Crash (@CrashiusClay69) August 25, 2024
On the newly created SunPump, the user purchased $780 worth of BULL and later purchased $390 worth of the asset after it was launched on SunSwap, bringing his total investment to almost $1,200. In just a day, the asset increased by 4000%. A few days later, his investment had turned into $10 million. Following the ongoing broad market pullback, the user lost 59.8% of the new value, positioning his current portfolio at $4.3 million.
Following this jaw-dropping story, several crypto enthusiasts have reacted in doubt while others congratulate the user. In one of the reactions, an X user identified as Crypto Hunter accused the investor of being an insider.
Regardless, this story alludes to a 2023 report by CoinGecko which discloses that an investor turned a $12 worth of Shiba Inu investment into $1 million. Its report also mentioned that an investor needs $820 and $4,508 in DOGE and FLOKI, respectively, to become a millionaire.
Ever wondered how much money you would need to invest in meme coins to become a millionaire? Our recent study shows that an investor would have needed an average of $66,298.25 to become a meme coin millionaire.
Currently, BULL is trading at $0.133 after declining by 21% in the last seven days and maintaining a 24-hour gain of 19%.
Top Tron Meme Coins
Despite BULL making a surprise entry into the top five meme coins on the TRON network, Justin Sun’s SUNDOG maintains its dominance with a market cap of $269 million. With a current price of $0.0026, SUNDOG has declined by 25% in the last seven days. Another TRON-based meme coin – SUNCAT is getting massive attention after surging by 17% in the last 24 hours to trade at $0.0160.
The overall activities of these meme coins have boosted the TRON ecosystem and its community engagement, positioning TRX for a bullish run. At press time, TRX was trading at $0.128 after surging by 8.7% in the last 24 hours.
Our recent report also discloses that TRON’s transaction has recently surpassed that of Ethereum and Solana. However, its Total Value Locked (TVL) has plunged to a six-month low of $435 million, indicating a potential volatility ahead.
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