David Edwards
A recent report from Arkham Intelligence highlights an impressive trading achievement involving the SUNDOG memecoin on the Tron blockchain.
A savvy trader managed to turn a $1,690 investment into a staggering $20 million in just six days. By strategically navigating the rise in SUNDOG’s value, the trader’s moves have sparked conversations about the potential for memecoin gains on the Tron network.
Currently, the trader holds 17.049 million SUNDOG tokens, each valued at $0.27, bringing their total portfolio to a substantial amount.
This remarkable transformation began when the trader, identified as TT4S5, purchased 104.33 million SUNDOG tokens for just $1,690. At that time, SUNDOG was still relatively inexpensive, allowing the trader to secure a strong position before the token’s price skyrocketed.
Over the past 24 hours, SUNDOG has surged by over 50%, now trading above $0.20.
The trader capitalized on this price surge by executing well-timed transfers of their SUNDOG holdings across various exchanges.
In the following days, the trader made several high-value transfers to prominent exchanges like MEXC and HTX. For instance, they deposited 7 million SUNDOG, worth $415,550, into MEXC, and another 10 million SUNDOG, valued at $593,640, into HTX. These moves suggest a calculated strategy to liquidate portions of their holdings and lock in profits as the token’s value climbed. Smaller transfers, such as 500,000 SUNDOG worth $27,660, followed suit.
