Approximately three and a half months ago, an anonymous investor who invested 23 thousand dollars in the TROLL coin, developed on the Solana (SOL) network, achieved a massive gain of 110 times. This memecoin, designed for entertainment and community interaction inspired by internet troll culture, currently has a market value of over 100 million dollars.
According to Lookonchain data, the investor purchased 27.86 million TROLL coins. Despite making a small sale to cover costs during the initial rise, he still holds 26.5 million TROLL coins. Since the beginning of July, the coin's price has increased by 570%, bringing the value of the investor's portfolio to about 2.5 million dollars. The initial investment of 23 thousand dollars has thus gained 110 times in value.
However, due to the high volatility of memecoins, investors need to be cautious when considering such success stories. These types of coins can be subject to sudden and sharp value losses, as they often lack solid fundamentals. Therefore, it is seen as the safest approach to invest only amounts that you can afford to lose, especially when trading in the altcoin market, particularly with memecoins.
What is TROLL Coin?
TROLL is a memecoin operating on the Solana blockchain, and its main purpose is to promote entertainment and interaction within the community rather than creating a real use case. The developers emphasize that the coin does not have its own intrinsic value.
According to the latest data, TROLL's market value has exceeded 100 million dollars. This figure positions TROLL among the top 500 altcoins. The low circulating supply and high speculative demand can sometimes lead to sharp fluctuations in the coin's price.
