Unknown Crypto Trader Turns $1,200 Into $10 Million Within 3 Days Trading a Tron-Based Memecoin

Leading blockchain analytic platform Arkham Intelligence called attention to this success story today. According to Arkham Intelligence, the unknown

An unidentified crypto trader has made an astronomical gain by turning an initial investment of $1,200 into a staggering $10 million within three days of trading a Tron-based memecoin.

The remarkable story was highlighted by leading blockchain analytic platform Arkham Intelligence on August 29. According to the platform, the unknown user, whose wallet address is TAMr…2Gpn, was among the first traders to venture into Tron Bull (BULL), a Tron-based memecoin that was launched recently.

The user first purchased $780 worth of BULL tokens on the popular Tron-based memecoin trading platform SunPump. Later, when the token went live on SunSwap, the user acquired another $390 of BULL, bringing their total investment to nearly $1,200.

The value of the trader’s position in BULL soared to over $10 million within three days. However, at the time of Arkham Intelligence's tweet, the value had decreased to $4.02 million, indicating a 59.8% decline from its peak amount. As of press time, the trader's position is valued at $4.3 million.

As expected, members of the crypto community flocked to the comment section to express their reactions to this incredible success story. While some praised the development, others speculated that the trader might be an insider.

Several reports have documented cases of investors turning small investments into millions of dollars. For instance, CoinGecko reported that an initial investment of $12 in Shiba Inu (SHIB) skyrocketed to $1 million in 2021.

To provide context, BULL is a Tron-based memecoin that was launched quietly on August 22. The token went largely unnoticed until August 25, when Crash, a popular influencer, revealed their strategic buy-in in the asset.

This caught the attention of crypto enthusiasts and led them to quickly acquire a piece of the BULL pie, ultimately driving up the asset's price. In just one day, BULL's price surged by an incredible 4,000%.

However, the asset has lost most of this gain and currently trades at $0.123 per token, showing a 17.73% decrease on the daily charts. It is ranked as the 2,714th largest crypto, with a market cap of $123.38 million. According to Tronscan data, there are 7,085 BULL holders at press time, with TAMR…2Gpn being the largest holder.