The recent surge in the price of Sundog token has likely left one trader regretting his decision to sell too soon.
According to blockchain security and intelligence platform Arkham, the trader initially invested $65 in SUNDOG (SUNDOG) when the meme coin was launched on the SunPump platform. However, just 20 minutes after the token hit the market, the trader sold his holdings for a profit of $495.
in Posted on X On August 26, Arkam discussed the missed opportunity, noting how a $65 investment turned into a $495 profit in 20 minutes. But it could have grown into a $2 million profit if held for several days.
Sundog token value has increased
Sundog was around $0.043 on August 18, but surged amid the hype surrounding SunPump and TRON (TRX), hitting an all-time high of $0.3511 on August 26.
While profit-taking has pared some of the gains, SUNDOG stock is still up more than 180% over the past week and nearly 350% over the past month.
Currently, Sundog’s 24-hour trading volume is over $75 million, up 33%. Meanwhile, its market cap is over $290 million, making SUNDOG ranked 210th.D The largest cryptocurrency at the time of writing.
SunPump Noise
TRON-based Sundog and other meme coins are likely to rise further amid the hype surrounding SunPump.
Competitor Pump.fun quickly made over $1 million in revenue as the Tron community embraced the meme coin craze. Network activity on Tron also spiked as a result, impacting revenue.
Comments are closed, but trackbacks and pingbacks are open.