A crypto trader turned $10,000 into $1.3 million with a timely purchase of the TROLL token after Elon Musk updated his bio to “Chief Troll Officer” on X.
A lucky trader apparently turned $10,000 into just over $1 million in less than 10 days after purchasing the Troll (TROLL) memecoin moments after Elon Musk changed his X (formerly Twitter) bio to “Chief Troll Officer.”
Etherscan datacitedby blockchain data provider LookOnChain shows that the trader converted a total of 4.3 Etherworth approximately $10,000 at the time — into 19 trillion TROLL tokens.
On the same day, the trader sold 9 trillion TROLL tokens to cover his initial investment, keeping the remaining 10 trillion tokens, which, at one point, were worth $1.34 million.
The price has dropped since then, but the TROLL lot is still worth an impressive $864,000 at current prices, equating to an 8,540% gain on your initial capital.
TROLL was initially launched in April 2023 and, like all memecoins, experienced a brief price increase before retracting to close to its launch price. Everything changed on January 9th when Musk changed his X bio and sent the token soaring over 150,000% in three days.
In 2021, a single well-timed tweet from Muskhad the power to makehis then-favorite memecoin, Dogecoin, soar.
It happened again when an unaffiliated memecoin, which took its name from Musk's AI project, dubbed “Grok,”suddenly became one of the biggestmemecoins in the space.
At its peak price of $0.027 on November 13, Grok (GROK) reached a market capitalization of nearly $200 million, making it one of the biggest new memecoins of the current cycle.
Those who were late to the GROK hype were hurt after an X post from blockchain investigator ZachXBT revealed that several Grok-linked social media accounts and websites were repurposed from old projects.
