A skilled trader has captured attention by transforming an initial $10,000 investment into a staggering $1.3 million profit in less than ten days with TROLL.
This extraordinary achievement was made possible by a strategic investment in TROLL tokens, made in a timely manner following the humorous change in Elon Musk’s Twitter bio to “Chief Troll Officer.”
The trader’s investment strategy involved converting 4.3 Ethereum (ETH), each valued at approximately $2,537, into an impressive 19 billion of tokens on the same day Elon Musk changed his Twitter bio.
Data provided by LookOnChain, a blockchain data provider, reveals that the initial investment of $10,000 translated into this surprising amount of TROLL tokens.
In just 10 days, this trader turned $300 into $1.03M!😱
How did he do it?
After noticing that @elonmusk had changed his Twitter profile to "(CTO) Chief Troll Officer", this trader immediately withdrew 4.313 $ETH($10,113) from #Binance and spent 4.3 $ETH to buy 19.37T $TROLL.… pic.twitter.com/NWO7j4pyq4
— Lookonchain (@lookonchain) January 17, 2024
Astutely, the trader decided to capitalize on his investment by selling 9 billion TROLL tokens shortly after the initial purchase, thus covering his entry cost.
This strategy left the trader with 10 billion TROLL tokens, which, at their peak, reached a staggering value of $1.34 million.
Although the value of the tokens has seen a decline since then, the remaining 10 billion tokens are still worth a substantial $864,000 at current prices.
This equates to an impressive TROLL profit of 8,540% on the trader’s initial capital.
The TROLL token, introduced in April 2023, followed the typical trajectory of memecoins, with an initial increase in its price followed by a retraction close to its launch value.
However, everything changed dramatically on January 9, when Elon Musk altered his Twitter bio to humorously call himself “Chief Troll Officer”.
This simple act catapulted the value of the TROLL token by a staggering 150,000% in just three days.
Elon Musk’s influence in the world of cryptocurrencies, especially memecoins, cannot be understated.
In 2021, a single tweet of his had the power to make Dogecoin (DOGE), one of his favorite memecoins at the time, skyrocket in value.
His recent involvement with TROLL reaffirms his position as a major influencer in the crypto space.
This successful trader has once again demonstrated the dynamics and unpredictable nature of the cryptocurrency market, where substantial profits can materialize in a matter of days.
Although their success story is impressive, it serves as a reminder of the volatility inherent in the crypto market.
Investors are advised to exercise caution, conduct thorough research, and consider potential risks before venturing into speculative assets like memecoins.
Time and luck played a significant role in this success, but they do not guarantee similar results for everyone.
