$1.69K to $20 Million in Just 6 Days – Meet the Trader Who Struck Gold with $SUNDOG

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Joel Frank

Author

Joel Frank

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Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…

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Last updated:

August 21, 2024 04:47 EDT

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A trader called TT4S5 just struck gold with $SUNDOG, and obscure meme coin that helped them turn a $1,690 initial investment into a huge bag worth $20.6 million.

The trader transformed their modest initial investment into a multi-million dollar fortune in just 6 days, as per an X post by Arkham.

The traded appeared to take $1.08 million of profits, whilst holding onto the bulk of their bag across 7 wallets.

That marks an incredible 12,189x return on investment. TT4S5 really struck gold with $SUNDOG.

According to DEXTools, $SUNDOG’s market cap was last around $200 million. At one point on Monday, it went as high as $324.4 million.

The meme coin is one of the first big movers of the rising meme craze on the Tron blockchain.

TT4S5 Stuck Gold With $SUNDOG – Can Investors Emulate Their Success?

TT2S5’s 12,189x return on $SUNDOG is an exceedingly rare event in meme coin markets.

For a trader to have bought that early, and been able to hold on that long without taking profit as their unrealized gains ballooned is quite something.

Many traders might have already cashed out at 10x. And the vast majority would be out well before 100x.

Is there any surefire way for traders to emulate TT4S5’s success?

Sadly, no. Otherwise everyone would be doing it.

TT4S5 struck gold with $SUNDOG out of sheer luck.

Of course, they may have had some sort of strategy of investing super early in new meme coins.

Strategies like these, where traders take a scattergun approach, investing in hundreds of new coins in the hope one pops, might be profitable.

If that’s the strategy used by TT4S5, then it almost certainly was.

But there is no guarantee a meme coin will explode. The vast majority are scams or pump-and-dumps that never make it beyond a few million in market cap.

It’s thus a very risky approach to take.

Perhaps a better strategy to consider in meme coin presale investing.

12,189x gains are exceedingly unlikely. But 10x, or even 100x gains? Very plausible.

One new meme coin presale that analysts at Cryptonews.com are big fans of is called Base Dawgz (DAWGZ).

Cryptonews.com analyst Chester explains why Base Dawgz is a meme coin launch you can’t miss below.

Buy DAWGZ Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.