Crypto Crypto Trader Cuan IDR 153 Billion In 3 Days Because Of TRON Bull Meme Coins

Crypto trader earns IDR 153 billion in 3 days (Photo; Doc. Coinmarketcap)

JAKARTA - A crypto trader managed to convert a small investment of 1,200 US Dollars (around Rp. 18 million) into 10 million US Dollars (around Rp. 153 billion) in just three days. This fantastic advantage was obtained from a meme coin called TRON Bull (BULL), which jumped its value by 400,000% in just 24 hours after its launch.

This trader, known as TAMr, shows the potential for big profits from meme coins, especially those launched on the TRON network. This trend was rife on the Solana network, but has now shifted to TRON with the launch of various tokens that are very profitable for its holders.

According to a report from Arkham Intelligence, a crypto analytic platform, TAMr initially invested 1,170 US Dollars (approximately IDR 17.8 million) to purchase 33.06 million TRON Bull tokens. The first investment of 780 US Dollars (approximately IDR 11.9 million) was made through the Sunpump launchpad platform, and then added 390 US Dollars (approximately IDR 5.9 million) when the BULL token was launched on the Sunswap exchange. Within three days, the value of its BULL token reached a peak of 10 million US Dollars (approximately IDR 153 billion).

However, despite having reached a fantastic peak in value, market volatility caused a drastic drop in the value of its BULL token. Currently, the value of the token owned by the trader is only about 2.69 million US Dollars (around Rp41.3 billion), after slumping due to market fluctuations in the last two weeks.

The TRON Bull (BULL) token recorded its peak performance on August 28, 2024, with a high price of 0.1963 US Dollars (around Rp3,019). However, the price did not last long. The token value continued to fall, until it reached a low of 0.07206 US Dollars (approximately Rp1,107) just hours before this article was written. Currently, the price of BULL is at 0.0802 US Dollars (approximately Rp1,233), down 51% in the past week. The market capitalization of this token was recorded at 84.57 million US Dollars (approximately Rp1.2 trillion) with a daily trading volume of around 1.91 million US Dollars (approximately Rp29.3 billion).

In addition to the BULL token, the TAPORT trader also holds several other crypto assets such as 12,771 TRX (approximately 1,910 US Dollars or Rp29.3 million) and 19,522 SUNDOG which are worth around 4.13 US Dollars (approximately Rp63,498). This shows a great interest in new tokens on the TRON network.