A diamond-handed trader bought $173 of a Solana meme coin in mid-December, when it had a market cap of just $6,510. In the four months since then, the token has skyrocketed over 361,500%, bumping their investment to $224,390.
Troll (TROLL) was created on launchpad Pump.fun in May 2024, as a token dedicated to the classic internet meme: the Trollface. The character was used to represent an internet troll taking pleasure in another’s annoyance. It was first drawn by Carlos Ramirez in 2008 and posted on DeviantArt as part of a webcomic about how ineffective trolling can be—but then became one of the most popular memes of all time.
The Solana token failed to gain traction for almost a year, previously peaking at a $10,500 market cap in January 2025 before slipping as low as $4,550 in April. But on the notoriously memed date of 4/20 the token spiked 59,944% to $2.7 million, and has continued to climb every day since then to a peak market cap of $27.37 million, according to DEX Screener.
oh your sidelined? pic.twitter.com/HePKX8Kvbj
— troll (@trololol_io) April 21, 2025
The trader bought TROLL with 0.8 SOL (approximately $173 at the time) on Dec 16. Just over three weeks later, the funds were moved to a fresh wallet, alongside other tokens. The trader then waited until April 21, when they started to slowly sell their position, which was swelling by the moment.
At the time of writing, according to Solana block explorer Solscan, the trader has secured $103,900 worth of profits on the TROLL trade via 97 transactions. The wallet still holds $120,490 worth of TROLL, which could continue to climb or tank in value. The trader hasn’t made a transaction for 11 hours, as of this writing.
TROLL has had an extremely volatile 48 hours. After the trader’s first cluster of sales on April 21, the token tanked almost 55% from $8.4 million to $3.8 million. It then soared to $15.8 million when the trader sold more tokens, before crashing 25%… then jumped to a market cap of $25 million on Wednesday.
Small meme coin investments have occasionally led to big payoffs. Last year, a trader turned a $16 investment into $3 million in less than two weeks on PNUT, and another trader turned $5,000 into $1.5 million on GOAT.
Among the most notorious examples of this was a trader that turned $800 into $10 million by wagering it on the popular Moo Deng (MOODENG) pygmy hippo meme coin. Despite the dizzying gains, the trader didn’t sell, and lost most of their gains within a month.
Meme coins can spike in valuation in minutes and plummet just as fast. Since reaching its all-time high market cap of $29.26 million, TROLL has dropped 42% to $16.9 million—with the trader’s balance falling with it.
Edited by James Rubin and Andrew Hayward
