The trader increased his deposit 104 times in seven hours using memcoin

An unknown trader increased his deposit 104 times in seven hours. He turned $650 into over $68,000 by trading the SUNDOG memcoin on the TRON network, according to analytics firm Lookonchain.

The trader spent 5,000 TRX, which was valued at $650 at the time, to buy 6.87 million SUNDOG. Seven hours later, he sold 4.57 million tokens for 522,840 TRX ($68,000 at the time).

Experts noted that his unrealized profit amounts to another 2.23 million SUNDOG (about $76,000).