Trader Buys SUNDOG Worth $1690, Earns Profit Over $20 Million

 
Ritu Lavania
Written By 
Ritu Lavania
August 21, 2024

A trader bought SUNDOG worth $1,690 and has made a whopping profit of over $20 million in less than a week, leaving the crypto space in mixed reaction.

According to the blockchain intelligence platform, Arkham’s tweet, the trader with address TT4s…DLkk is one of the earliest SUNDOG buyers, purchasing 104.33 million SUNDOG at $1,690. The crypto trader currently holds $19.52 Million of SUNDOG across seven addresses, and has also sent $1.08M SUNDOG to exchanges making a total profit of $20.60M.

Address TT4s…DLkk transaction details. Courtesy: Arkham

The news has sparked off interesting takes from twitteratis, with some insinuating the ‘trader’ is Tron’s Justin Sun. While others believe the trader looks like an ‘insider’ and could be an attempt to carry out a rug pull.

SUNDOG, which is touted as the biggest memecoin on Tron is currently trading at $0.2088 and has seen a surge of 57.83% in just one day. With a market capital of $208,321,976, SUNDOG isd available on crypto exchanges including HTX, MEXC, Bitget, Poloniex, Hibt, Ourbit, KCEX, SuperEx. The coin is predicted to reach $1 by 2025.

SUNDOG has already gained momentum, with Justin Sun promoting it on social media, but with the abovementioned news surfacing, the memecoin is expected to gain ever more traction.

Binance has also listed SUNDOG coins for public trading. Irrespective of who made a profit of $20 Million- an insider or any regular trader making most of the memecoin’s hype, a personal research is always advisable before investing in any asset.

Also Read: Justin Sun Moves $156.41M Worth BTC Post BitGo’s WBTC Custody Change

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.