A trader turned a $65 investment in SUNDOG into a $495 profit within 20 minutes but missed out on a potential $2 million profit by selling too early, according to Arkham.
The trader initially invested $65 in Sundog when the meme coin was introduced on the SunPump platform, according to Arkham, a blockchain security and intelligence platform. Nevertheless, the trader sold their holdings for a profit of $495 just 20 minutes after the token’s market introduction.
In a post on X on August 26, Arkham addressed the wasted opportunity, describing how a $65 investment resulted in a $495 profit within 20 minutes. However, it had the potential to generate a $2 million profit if it were held for an extended period.
Sundog Token Soared
On August 18, Sundog’s price was approximately $0.043, but it experienced a significant increase in response to the excitement surrounding SunPump and TRON, reaching an all-time peak of $0.3511 on August 26.
Although profit-taking has reduced some of the gains, SUNDOG has remained over 180% higher this week and nearly 350% higher over the past month.
At present, Sundog’s 24-hour volume exceeds $75 million, representing a 33% increase. In the interim, SUNDOG’s market capitalization exceeds $290 million, placing it as the 210th largest cryptocurrency at the time of this writing.
SunPump Vibration
The chatter surrounding SunPump may propel Sundog and other meme coins, which are based on TRON, to even greater heights.
The Tron community quickly embraced the meme coin craze, which led to the Pump.fun rival earning over $1 million in revenue. Revenue has also been affected by the increase in network activity on Tron.
