{"id":135658,"date":"2024-08-16T13:00:18","date_gmt":"2024-08-16T10:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135658"},"modified":"2024-08-16T11:54:26","modified_gmt":"2024-08-16T08:54:26","slug":"crypto-investor-nets-10362-return-in-seven-hours-trading-memecoins","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-investor-nets-10362-return-in-seven-hours-trading-memecoins\/","title":{"rendered":"Crypto Investor Nets 10,362% Return in Seven Hours Trading Memecoins"},"content":{"rendered":"<p>This trader, identified as \u2018TEP7\u2026T1da\u2019, initially invested 5,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tron\/\">TRX<\/a><\/strong> (around $650) to buy 6.87 million Sundog (SUNDOG) tokens. They later sold 4.57 million SUNDOG for 522,840 TRX ($68,000), achieving a profit of 517,849 TRX ($67,300), according to <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1824331795292360822\" rel=\"nofollow\">data<\/a><\/strong> from Lookonchain shared on X on August 16.<\/p>\n<p>These transactions, executed over just seven hours, resulted in a 104-fold return on their investment. The trader still holds 2.29 million SUNDOG, valued at $76,000 in unrealized gains.<\/p>\n<p>Meme coins like Sundog have surged in popularity during the 2023 and 2024 crypto bull runs, often driven by memes and celebrity endorsements, despite lacking intrinsic value. Notable examples include coins endorsed by Andrew Tate and Iggy Azalea.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135633\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-may-be-nearing-a-bottom-against-bitcoin-analyst-suggests\/\" title=\"Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst Suggests\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ethereum-4-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst Suggests<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>At the time of reporting, Sundog was trading at $0.049769, marking a significant 77,296.84% increase on its daily chart, according to Bitget\u2019s latest data from August 16.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, a trader earned an impressive $67,300 within seven hours by trading meme coins on the Tron network.<\/p>\n","protected":false},"author":3,"featured_media":110917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,289],"coin_category":[],"class_list":["post-135658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-meme-coins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Investor Nets 10,362% Return in Seven Hours Trading Memecoins<\/title>\n<meta name=\"description\" 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