Join Our Telegram channel to stay up to date on breaking news coverage
One cryptocurrency trader has turned $10,000 into more than $1 million via the Troll (TROLL) meme coin after Elon Musk put “(CTO) Chief Troll Officer” on his X profile.
After noticing the change to Musk’s profile on Jan.9 , the trader quickly bought 19.37 $TROLL with 4.313 ETH worth $10,113. During a sensational pump of 150,000% in three days after Musk’s profile changed, the trader sold 9 trillion TROLL worth $1.34 million.
In just 10 days, this trader turned $300 into $1.03M!😱
— Lookonchain (@lookonchain) January 17, 2024
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
The remaining holding is currently worth around $836K, according to DeBank.
Elon Musk Effect on Meme Coins Continues
TROLL flatlined after launch in April last year until the incredible pump triggered by Musk. The token is now added to the list of meme coins that have soared after his intervention.
The Musk effect has previously seen meme coins like Dogecoin, Shiba Inu, Floki, Baby Dogecoin, and MiLady skyrocket in value.
On November 5, a meme coin known as GROK launched as Musk announced the release of the Grok AI chatbot. GROK pumped by over 33,000% as traders capitalized on its hype. GROK later plummeted amid claims of being a scam.
Musk’s effect on meme coin prices has previously landed him in legal trouble, too. Dogecoin investors accused Musk of market manipulation through his actions.
Musk’s lawyers called for the dismissal of the case, saying “tweeting words of support” and “funny pictures” did not amount to manipulation.
Also Read
- Dogecoin Price Prediction: Fake Rumor Triggers Wild DOGE Swing, But This Meme Coin Presale That’s Gunning For Pepe’s Crown Keeps Heading North
- Echelon Prime Price Prediction: PRIME Surges 14% As This Meme Coin With A 100X Track Record Closes On $4.3 Million
- Dogwifhat Price Prediction: WIF Is Fifth-Largest Meme Coin After 194% Pump In A Week, But Consider These New Challengers For Future Explosive Gains
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
