TROLL is a memecoin built on the Solana (SOL) blockchain. The altcoin is inspired by the popular internet 'troll' culture. According to the latest data, approximately 998.98 million tokens are in circulation.

Although it was launched 3.5 months ago, the price activity of the memecoin has been relatively moderate. However, the trend changed drastically since the end of July, when TROLL began to experience a series of consecutive increases. This rally culminated in an all-time high of $0.106 until yesterday, marking a milestone for the coin.

Just in the last week, the price of TROLL has seen an increase of 210%. At the time of writing, the Solana-based memecoin was trading at $0.093.

Additionally, with this increase, the market capitalization of the token also exceeded $100 million, before adjusting to $93 million at the time of publication.

"From a long and boring base to a vertical shipment, this is how conviction plays reward the patient. The volume is on the rise and the market capitalization is pushing towards new ATH. Next stop? Price discovery," published an analyst.

Supporting this bullish trend, Solscan data revealed an increase in trading activity. The total trading volume on DEX and token transfers have reached new highs, signaling a growing level of interest and involvement from investors.

At the time of publication, TROLL had 28,836 holders, with the top 10 controlling 16.1% of the circulating supply.

$TROLL