$1K To $750K: Trader Makes Gains in WUKONG Post Justin Sun’s X Profile Update
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 22 2024Trader's Remarkable Gain: An anonymous trader turned a $1,000 investment into $750,000 by trading the meme coin Sun Wukong, which surged 566,500% in value within 12 hours after Justin Sun changed his social media profile picture to promote it.
Impact of Social Media Trends: The surge in Sun Wukong's price was influenced by the popularity of the video game "Black Myth: Wukong," which attracted over 2.2 million concurrent users shortly after its launch, highlighting the volatile nature of the meme coin market driven by social media.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
