One trader on the TRON network, TAMrp, turned an investment of $1,200 in a TRON memecoin into $10 million, according to Arkham Intelligence data. The success of SunPump on the TRON network has been a game-changer, with TRX and TRON meme coins rallying over the past few weeks. Now, a TRON trader is reaping the benefits of their meme coin investment.
The trader acquired $780 TRON BULL on Sunpump and bought an additional $390 worth of the tokens when it was listed on Sunswap. The TRON network has successfully joined the meme coin hype train, reaping huge profits and increasing trading activity. TRON BULL in particular is one of the newest memecoins on TRON. Although it has only been around for a few days, the token has seen its value skyrocket significantly, rising by almost 4 million percent in 24 hours. The asset soared to a quick all-time high of $0.1635 on Thursday, before a correction Friday.
While the asset has since fallen a bit to $0.121, TAMrp’s investment of 33.062 million BULL is still worth $4.31 million. The address has yet to offload any of its holdings. This has led to speculations as to when it will sell, and how much profits that sale could bring.
Also Read: Tron Reaches 3-Year High as TRX Looks to Surge Past $0.16
TRON Memecoins Continue To Shine
PUMP’s success comes from its active community. Users have made over 65,000 meme coins. This activity creates a lively ecosystem on TRON. The blockchain has become a big player in crypto earnings, which will attract even more developers and investors and drive coins higher. In turn, the TRON token TRX is now ranked 9th among the top ten cryptocurrencies by market cap, thanks to the price stability and TRON’s blockchain’s success.
The TRON memecoin ecosystem has more success coming its way likely, with a bullish September expected for all cryptocurrencies. Therefore, both TRX and TRON BULL may grow even more in the coming weeks.