The meme coin market is wild. It can do nothing or it can make people rich in a moment. They are supposed to be a joke, but people still speculate around them and that's the beauty of the market, supply and demand can create a phantom value where there was no real one. I would also say, it could make a project become something serious after an unexpected success too. This time, the $TROLL token make a trader about a million after the price skyrocketed because Elon Musk added to his profile Chief Troll Officer (CTO).
As reported in Cryptonews, the trader invested in the token before Elon's change on his bio, and I must say, it was not a small bet. I'm aware of the volume that some traders move, going big can lead to big loses but also to wins that are bigger than the risk, and this was the case. He invested $10k on the token, and the value of his investment went up to $1million.
Cryptonews article screenshot
And it was not only him but other trader that had $TROLL on their wallets, or bought it right after the bio change, before the price spike. And even when the price has gone down, it is still worth a thousand times more than its initial price.
The trader sold a portion of the token early, so he recovered the 5 $ETH that invested. He still owns 1 trillion $TROLL, which are worth $1.5 mill. I can even grasp this amounts. Definitely staying in the market, aware of all the movements can change one's life.
I imagine about this kind of events that it is not actually life changing money for a lot of those traders that are willing to risk those amounts and are willing to risk the profits again in a next trade. Would you be able to see an opportunity like that and take the risk?
$TROLL is a meme coin based on the original meme :troll-face:, born to make "meme coins great again". Check more about it on Coinmarketcap
Hope you liked it, until the next time
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