An unknown investor generated extraordinary profits with a recently launched memecoin on the TRON network. According to blockchain “deanonymization” platform Arkham, an early investor in the dog-themed altcoin SUNDOG saw a return of approximately 1,183,331% in just six days from a $1,690 investment.

Incredible Profits in a Few Days

“This investor turned 1.69K USD of SUNDOG into 20 MILLION dollars in 6 days,” Arkham stated in a post on They currently own $19.52 million of SUNDOG in 7 different addresses, and also sent $1.08 million of SUNDOG to exchanges, making a total profit of $20.60 million.”

Origin and Expansion of SUNDOG

SUNDOG, launched earlier this month, was trading at $0.2237 with a market capitalization of $223 million at the time of writing. This altcoin was launched on Sunpump, a platform dedicated to launching and trading memecoins, staking mining, and self-governance on TRON, backed by the chain's founder, Justin Sun.

According to analytics platform Dune, Sunpump has already generated over $10 million in revenue since its launch, with $23,000 different currencies already deployed on the platform.

Impact on the TRON Network

Due to the success of Sunpump, the TRON blockchain surpassed all other chains in terms of 24-hour transaction volume last Tuesday. This increase in activity caused a brief interruption in the memecoin deployer's operations, before it was restored.

Justin Sun also mentioned that the TRON chain could increase its energy limit to accommodate the growth in activity. “Due to the recent increase in activity on the TRON network, a power shortage arose. I informed the Super Representatives, who responded positively. Today they are expected to propose increasing the energy cap, significantly reducing energy costs and rates,” Sun said.

This case highlights the volatility and profit potential in the cryptocurrency market, where a small investment can become a fortune in a matter of days. However, it also highlights the importance of being aware of the risks inherent in these types of investments.