He Would Have Made 2 Million Dollars If He Held, He Sold and Made 495 Dollars: Here is That Trader and Altcoin
According to Onchain data, a trader seems to have sold the memecoin he bought a little early. Here are all the details about the trader.
The cryptocurrency market continues to surprise its followers. According to an analysis by monitoring platform Arkham, a trader seems to have missed a big opportunity in a memecoin he purchased.
According to the data, the trader with the initial address TDi made a purchase of SUNDOG for $65 on SunPump, a memecoin mining platform on the Tron network, immediately after its launch, and then sold it 20 minutes later for a profit of $495.
But the interesting part is that if this trader had not sold the SUNDOG tokens and kept them, he would have had a fortune of $2 million after 4 days.
However, it is important to note that almost all memecoin launches either end up being scams or the value of investors’ tokens being wiped out. While such lucky trades do happen from time to time, the vast majority of cryptocurrency investors lose money on memecoins.
On the other hand, there is currently a huge hype about memecoin launches on the Tron network. These memecoin launches, fueled by Tron founder Justin Sun, have led to the emergence of thousands of memecoins on the Tron network.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
More than 100 legal leaders warn lawyers not to spread U.S. election disinformation
Polymarket user 'walletmobile' bets $10 million on Trump's victory
XRP could rally to $0.90 as election nears
Bitcoin sees $2.2 billion inflow ahead of election