As an experienced analyst with a background in cryptocurrency trading, I can’t help but feel a pang of sympathy for Trader TDi. The meteoric rise of Sundog’s price within mere minutes after its launch on SunPump is a classic case of “the one that got away.”
Due to a sudden increase in the value of Sundog tokens, one trader may now be feeling remorseful for selling them prematurely.
As a crypto investor, I jumped at the opportunity when the meme coin Sundog (SUNDOG) launched on the SunPump platform. Within mere minutes of its market debut, I made the decision to sell my initial investment of $65, pocketing a substantial profit of $495.
On August 26th, Arkham highlighted in a post the squandered chance when a $65 investment yielded a $495 gain in just 20 minutes. However, if maintained for several days, it could have escalated to a staggering profit of $2 million.
Picture yourself as the Trader TDi who snatched up $65 of SunDog stock upon its launch with SunPump, and swiftly resold it after 20 minutes, pocketing a $495 profit. If instead, you had held onto that SunDog stock for four days, it would have skyrocketed to a value of $2 Million.
— Arkham (@ArkhamIntel) August 26, 2024
Sundog token soared
On August 18, Sundog’s value was approximately $0.043, but its price escalated significantly due to the excitement around SunPump and TRON (TRX). By August 26, it had reached a record peak of $0.3511.
Despite a bit of profit-taking, SUNDOG is still significantly higher – it’s approximately 180% up for the week and close to 350% for the last month.
As a researcher, I am currently observing that Sundog’s daily trading volume has surpassed $75 million, marking a significant increase of 33% over its previous figure. Furthermore, its market capitalization exceeds $290 million, positioning Sundog as the 210th largest cryptocurrency at this moment in the market.
SunPump buzz
TRON-based Sundog and other meme coin may soar further amid the buzz that surrounds SunPump.
In a short span of time, a rival company to Pump.fun significantly surpassed the $1 million mark in earnings, fueled by the frenzy surrounding meme coins within the Tron community. This surge in popularity has also led to an increase in network activity on Tron, which in turn affects their revenue.
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2024-08-26 20:42