According to interesting data shared by cryptocurrency tracking platform Arkham, a cryptocurrency user appears to have made a large profit on a previously unknown memecoin.
According to onchain data, a cryptocurrency wallet with the address TAMr on the Tron network became the first investor in a memecoin called TRON BULL by paying $780 through Tron’s memecoin production platform Sunpump. After that, it made another $390 purchase of TRONBULL after the token became tradable on Sunswap.
After this, some really interesting developments took place. The value of TRON BULL tokens in the mysterious cryptocurrency wallet rose to $ 10 million at its peak.
At the time of writing, the value of the tokens is at $ 4.02 million. The cryptocurrency wallet in question did not sell at the peak and did not receive any profit.
It is not known whether the wallet that now has the title of whale simply forgot about the cryptocurrencies it purchased or whether it has a plan.
However, it should not be forgotten that in the memecoin world, the overwhelming majority of cryptocurrency investors lose money. The majority of memecoins disappear from the cryptocurrency world after a while.
*This is not investment advice.