Anonymous

Token

Sun Wukong

Arkham

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/anonymous-investor-increases-wealth-to-750000-with-sunwukong-token/" data-wpel-link="internal">Anonymous Investor Increases Wealth to $750,000 with SunWukong Token</a> 
Tron (TRX) network’s anonymous investor increased wealth to $750,000 with the Tron-based <a href="https://en.coin-turk.com/investor-turns-13000-into-over-2-million-with-new-meme-coin/" data-wpel-link="internal">memecoin</a> SunWukong. Although the investor multiplied the initial capital by 750, they have not sold a single token yet. 
<h2 style="text-align: justify" id="strong-1-000-investment-reaches-750-000-strong">$1,000 Investment Reaches $750,000</h2> 
According to blockchain data platform Arkham Intelligence on August 21, an anonymous investor purchased 43.8 million SunWukong tokens, spending approximately $997. The price of SunWukong token surged after Tron’s founder Justin Sun changed his profile picture on X to the Sun Wukong character from the new video <a href="https://newslinker.co/category/gaming/" target="_blank" rel="noopener" data-wpel-link="exclude">game</a> Black Myth: Wukong, inspired by Chinese mythology. 
The game, released on August 20, reached over 2.2 million concurrent users on the Steam platform within the first 24 hours, becoming one of the platform’s most popular single-player game launches. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382113" src="https://coin-turk.com/wp-content/uploads/2024/08/SunWukong-Altcoin.png" alt="" width="2198" height="972"> 
According to DexScreener data, SunWukong’s market value rose from $3,000 to $17 million. This increase represents a gain of over 566,500% in less than 12 hours. During this rally, the investor’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> rose from $1,000 to $750,000. 
The token’s price has dropped by 58% from its peak, with a market value of approximately $7.4 million at the time of writing. These gains are currently only on paper. According to Tronscan data, the investor has not sold a single SunWukong token, keeping the current value of their assets around $329,000. 
<h2 style="text-align: justify" id="strong-sunpump-effect-strong">SunPump Effect</h2> 
SunWukong’s impressive rise occurred during a period of significant growth for the Tron-based memecoin distributor SunPump. SunPump, named after Tron’s founder Sun, generated over $1 million in revenue within 12 days of its launch on August 10. 
SunPump is a copy of the popular Solana-based memecoin distributor pump.fun, which has generated over $95 million in revenue since its launch in January this year. 
While the rise of memecoin trading pleases some, others criticize these speculative assets as exploitative, arguing they undermine the true principles of cryptocurrency. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/anonymous-investor-increases-wealth-to-750000-with-sunwukong-token/" data-wpel-link="internal">Anonymous Investor Increases Wealth to $750,000 with SunWukong Token</a></h5>
The post <a href="https://en.coin-turk.com/anonymous-investor-increases-wealth-to-750000-with-sunwukong-token/" data-wpel-link="internal">Anonymous Investor Increases Wealth to $750,000 with SunWukong Token</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Anonymous Investor Increases Wealth to $750,000 with SunWukong Token

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