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Cryptocurrency News Articles
Trollface (TROLL) Memecoin Turns $173 Investment into $224K Amid Viral Surge
Apr 24, 2025 at 08:20 am
In one of the most striking examples of meme-coin mania this year, a Solana-based trader has transformed a modest $173 investment into over $224,000.
A Solana-based trader has turned a $173 investment into over $224,000 during the recent surge of the TROLL token, a meme coin that started showing signs of viral activity in mid-April, data from DEX Screener and Solscan shows.
The trader, whose address is 97Hb9zNxMHRrNjG8ZRE74Hb78H9bGY4R5bPq7JqG, originally purchased 0.8 SOL worth of TROLL on December 16. The position was then held through months of low activity, even as the token's value dipped in early 2025.
Launched in May 2024 via Solana-based platform Pump.fun, TROLL initially showed little traction, with its market cap remaining under $10,000 for much of its early existence. However, by April 2025, the token had dipped to a low of $4,550 in total market value.
However, on April 20, TROLL exploded by 59,944%, pushing its market cap to $2.7 billion and eventually peaking at $27.37 billion. The token's price also soared to a high of $29,999, although it has since settled back to around $16 billion for the market cap and $18,000 for the price.
When the token began spiking, the trader started cashing out their position. So far, they have withdrawn $103,900 across 97 separate transactions and still hold $120,490 in TROLL tokens.
Those who bought TROLL during the peak of the surge have already lost a significant portion of their investment. The token has corrected sharply in recent days, and it remains to be seen whether it can regain any of its lost value.
While this story may seem like a crypto fairytale, analysts urge caution against drawing the wrong lessons. Memecoins like TROLL operate in one of the riskiest corners of the crypto market, where most traders are likely to lose money rather than strike it rich.
Moreover, the extreme volatility of memecoins can quickly erode any gains, and even small transaction fees can quickly add up in the course of rapid price movements.
Those who are considering investing in memecoins should do their own research carefully and only invest what they can afford to lose.
The post Trader Turns $173 into $224K on Solana Memecoin Amid Viral Surge appeared first on iFX News.
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Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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