Crypto trader turns $2.9K to $3.7 million in three months trading this meme coin
Main Idea
A cryptocurrency trader using the pseudonym 'frostx.sol' turned a $2,900 investment into $3.78 million by trading the TROLL meme coin, benefiting from its recent price surge and promotional support from Pump.fun.
Key Points
1. The trader purchased 20.91 million TROLL tokens for $2,900 and later sold 2.55 million tokens for $50,700, holding the remaining 18.36 million tokens valued at $3.73 million.
2. TROLL's price surged by 305% over the past week, trading at $0.16 at the time of reporting.
3. Pump.fun designated TROLL as a 'Community Takeover' (CTO) token, increasing its visibility and contributing to its price rally.
4. TROLL was listed on centralized exchange platforms like PumpSwap DEX and Meteora, further boosting its momentum.
Description
In a well-timed trade, a cryptocurrency investor has seen their initial bet register a 1,300-fold return in just three and a half months. The trader, operating under the pseudonym “frostx.sol,” turned a $2,900 investment into $3.78 million by trading the TROLL meme coin, according to the latest on-chain data retrieved by Finbold from Solscan on August 6. frostx.sol TROLL balance. Source: Solscan Transaction details show that the trader initially purchased 20.91 million TROLL tokens for $2,900. S...
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