The post Trader Turns $173 into $224K on Solana Memecoin Amid Viral Surge appeared on BitcoinEthereumNews.com.

Altcoins In one of the most striking examples of meme-coin mania this year, a Solana-based trader has transformed a modest $173 investment into over $224,000. The token TROLL — inspired by the legendary Trollface meme created in 2008 — saw meteoric gains beginning on April 20, a date long associated with meme culture. The trader, who originally purchased 0.8 SOL worth of TROLL on December 16, held the position through months of low activity, even as the token’s value dipped in early 2025. Launched in May 2024 via Solana-based platform Pump.fun, TROLL initially showed little traction, with its market cap hovering under $10,000 for much of its early existence. By April 2025, the token had dipped to a low of $4,550 in total market value. Then, on April 20, TROLL exploded by 59,944%, pushing its market cap to $2.7 million — and eventually peaking at $27.37 million, according to data from DEX Screener. As of writing, the market cap has settled back to around $16 million. Silent Gains, Strategic Moves According to Solscan, the trader quietly moved the TROLL tokens to a new wallet just weeks after the initial purchase. When the token spiked in April, they began cashing out. So far, the trader has withdrawn $103,900 across 97 separate transactions and still holds $120,490 in TROLL tokens. High Risk, High Reward — But Mostly Risk While this story may seem like a crypto fairytale, analysts caution against drawing the wrong lessons. Memecoins like TROLL operate in one of the riskiest corners of the crypto market, with most traders losing money rather than striking it rich.   Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like”…

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Filed under: News - @ April 24, 2025 12:22 am