Crypto Trader Profits Immensely with 1,300x Gain in Memecoin Based on Solana: Disclosed by Lookonchain
In the dynamic world of cryptocurrencies, a Solana-based memecoin named Troll has been making waves, particularly among investors seeking high returns. Troll, inspired by internet trolling culture, has gained popularity on the Solana blockchain, thanks to platforms like Pump.fun that drive meme coin growth.
One such fortunate investor, known as "frostx.sol," bought 20.91 million Troll tokens for $2,900 approximately 3.5 months ago. The memecoin's explosive rally since then has seen the value of frostx.sol's holding surge to an impressive $3.78 million, representing a staggering 1,300x return on the initial investment. Despite selling a fraction of the tokens for $50,700, frostx.sol still holds a substantial amount worth around $3.73 million.
This dramatic price increase, which peaked at $0.2018, marked a gain of over 423% from a prior weekly low. The coin's market cap, which was previously obscure, has now soared to over $175 million, making Troll a top memecoin on the Solana network.
The surge in Troll's value was somewhat unexpected, as the memecoin had remained relatively flat for months. However, the rapid rise was fueled by community excitement and platform promotion on Solana, underscoring both the volatility and speculative nature of meme coins, driven by social media trends, community hype, and platforms specializing in meme tokens.
Meanwhile, in other news, Wells Fargo has refused to reimburse a customer who lost $13,000 due to bank fraud, and a 63-year-old woman has been arrested for stealing bank information, printing fake IDs, and draining $26,000 from bank accounts across three states.
As of writing, Solana is trading for $167, up 2.6% on the day, while Ethereum is trading for $3,649, up 1.7% in the last 24 hours. Other notable events include the launch of Solid on Fuse Network, the presale of Little Pepe's Memecoin reaching $16,475,000, and the official launch of BYDFi Card.
[1] Pump.fun drives Troll memecoin growth on Solana [2] Troll memecoin hits all-time high of $0.2018 [3] Community excitement fuels Troll's market cap surge [4] Troll memecoin market cap surges to over $175 million [5] Understanding the rise of Troll memecoin on Solana
[1] Cryptocurrency trading on the Solana blockchain has seen the memecoin Troll, inspired by internet trolling culture, receive a significant boost in growth due to platforms like Pump.fun.[2] The Troll memecoin, popular among investors seeking high returns, reached an all-time high of $0.2018, marking a gain of over 423% from a prior weekly low.
