Trader misses out on $2m SUNDOG profit

The recent surge in price of the Sundog token has led one investor to regret his decision to sell early.

According to blockchain security and intelligence platform Arkham, the investor initially invested $65 in SUNDOG (SUNDOG) when the meme coin was launched on the SunPump platform. However, just 20 minutes after the token was launched, the investor sold his holdings for a $495 profit.

Arkham addressed the missed opportunity in a post on X on August 26, noting how a $65 investment turned into a $495 profit in 20 minutes. However, if held for a few days, it could have also reached a $2 million profit.

Imagine being in this guy’s shoes

Trader TDi bought $65 of SUNDOG when SunPump started trading and made a profit of $495 in 20 minutes.

If it had held for 4 days, SUNDOG would have been worth $2 Million. picture.twitter.com/Cr6ayHo3ky

— Arkham (@ArkhamIntel) August 26, 2024

Sundog token rises

Sundog’s price was around $0.043 on August 18 but surged amidst the hype around SunPump and TRON (TRX) and reached a new all-time high of $0.3511 on August 26.

SUNDOG is up more than 180% last week and nearly 350% last month, although profit-taking has pared some of the gains.

Currently, Sundog’s 24-hour volume is over $75 million, indicating a 33% increase. Meanwhile, its market cap is over $290 million, ranking SUNDOG as the 210th largest cryptocurrency at the time of writing.

SunPump buzz

TRON-based Sundog and other meme coins could rise even higher amid the buzz surrounding SunPump.

As the Tron community embraced the meme coin craze, the Pump.fun competitor quickly generated over $1 million in revenue. Network activity on Tron also increased as a result, affecting revenue.