In a well-timed trade, a cryptocurrency investor has seen their initial bet register a 1,300-fold return in just three and a half months.
The trader, operating under the pseudonym “frostx.sol,” turned a $2,900 investment into $3.78 million by trading the TROLL meme coin, according to the latest on-chain data retrieved by Finbold from Solscan on August 6.
Transaction details show that the trader initially purchased 20.91 million TROLL tokens for $2,900. Since then, they have sold a small portion, 2.55 million tokens, for approximately $50,700, while continuing to hold the remaining 18.36 million, now valued at around $3.73 million.
These gains coincide with a massive capital inflow into TROLL over the past week. As of press time, the token was trading at $0.16, up 7% in the past 24 hours and 305% over the past week.
Why TROLL is rallying
The meteoric rise of TROLL can be attributed to a confluence of factors, most notably the influence of Pump.fun, a platform known for launching and curating community-driven meme coins.
After pivoting from raw token creation to supporting select community projects, Pump.fun designated TROLL as one of its “Community Takeover” (CTO) tokens.
This CTO status granted TROLL greater visibility through curated promotion, increased social media traction, and potential revenue-sharing incentives.
A banner posted by Pump.fun, showcasing its most promising tokens, helped catapult TROLL to an all-time high.
Adding to the momentum was TROLL’s recent listing on the centralized exchange KuCoin, though most trading volume remains concentrated on decentralized platforms like PumpSwap DEX and Meteora.
Featured image via Shutterstock
