The recent surge in Sundog token’s price has left one trader likely regretting their decision to sell too soon. According to blockchain security and intelligence platform Arkham, the trader initially invested $65 in SUNDOG as the meme coin launched on the SunPump platform. However, just 20 minutes into the token’s market debut, the trader sold their holdings for a profit of $495.

In a post on social media on Aug. 26, Arkham discussed the missed opportunity, noting how a $65 investment turned into $495 profit within 20 minutes. However, this investment could have grown to a $2 million profit if held for several days.

Trader TDi bought $65 of SUNDOG as it launched on SunPump – and flipped it in 20 minutes for a $495 profit. If he held for 4 days, his SUNDOG would’ve been worth $2 Million.

Sundog Token Soared

Sundog’s price was around $0.043 on Aug. 18 but surged amid the hype surrounding SunPump and TRON, reaching an all-time high of $0.3511 on Aug. 26. While profit-taking has trimmed some of the gains, SUNDOG remains more than 180% up this past week and nearly 350% up over the past month.

Currently, Sundog has a 24-hour volume of over $75 million, which is up 33%. Meanwhile, its market cap stands at over $290 million, ranking SUNDOG as the 210th largest cryptocurrency at the time of writing.

SunPump Buzz

The buzz around SunPump has also influenced other meme coins, leading to further potential growth. The Pump.fun competitor quickly generated more than $1 million in revenue as the Tron community embraced the meme coin craze. Network activity on Tron has spiked as a result, impacting revenue.

For more updates and insights on the latest in cryptocurrency, investing, and finance, keep exploring Global Crypto News.

Post Views: 3