TRON Trader Turns $1.2K into $10M in 3 Days

Tron Trader (TAMr) on Arkham

‍

With the recent memecoin mania on the Tron blockchain, one trader has turned $1.2K into $10M in just three days. The trader in question ( TAMr ) initially acquired $781 worth of the Tron Bull (BULL) memecoin on SunPump, before doubling down on his position with another $390 when it launched on SunSwap, the leading DEX on Tron. His position grew to $10.9M on 25th August as BULL climbed 9,951% during the day to a peak market capitalization of $330M. The coin has since repriced downwards, with the position now worth $4.29M.

TAMr remains the top holder of BULL ( Source )

‍

The Tron ecosystem has seen renewed interest with the recent launch of SunPump, a Pump.fun style memecoin launcher on Tron. The platform is supported by Tron founder, Justin Sun, himself, who personally announced its launch via his X account. Additionally, a $10M incentive program has also been rolled out on SunPump, in collaboration with TronDAO, to support the emerging projects launching on SunPump. 

A $10M Meme Ecosystem Boost Incentive Program by TronDAO and SunPump ( Source )

‍

With the success of SunPump and several other similar memecoin launchers on other chains, these launchers could present serious alternatives to their equivalents on Solana. The shift in sentiment is further supported by a slight decline in revenue for Solana memecoin launcher, Pump.fun, over the past month.

Pump.fun’s Declining Revenues over August ( Source )