Trader Sees 1,300x Returns As Solana Memecoin Goes on Explosive Rally: Lookonchain
One trader is seeing million dollar profits on a Solana (SOL)-based memecoin in just months, according to on-chain data. Blockchain tracking firm Lookonchain says that one investor in TROLL is looking at a gain of more than 130,000% after the memecoin inspired by the internet trolling culture had an explosive rally over the last month. “From $2,900 to $3.78 million in just 3.5 months – a 1,300x return! Trader ‘frostx.sol’ spent $2,900 to buy 20.91 million TROLL three months ago, sold 2.55 million for $50,700 and still holds 18.36 million TROLL ($3.73 million). With TROLL’s recent surge, his position has flipped nearly 1,300x, with a profit of $3.78 million.” Source: Lookonchain/X TROLL hit an all-time high on Wednesday at $0.2018, an increase of more than 423% from its seven-day low of $0.0403. TROLL has since retraced from its ATH and is trading for $0.1669 at time of writing, up 15.2% on the day. With a market cap of $175 million...