- TROLL jumped 210% within a week, hitting a high of $0.106 but fell back to $0.093.
- Key support is $0.125 with resistance at $0.175; RSI indicates overbought conditions now.
- Trader converted $22.8K into $2.48M with a whopping 109x return within 3.5 months.
TROLL is up 210% over the week, and a new all-time high has been reached. The rapid growth comes with fresh meme coin enthusiasm and an overall market gain. A trader even exchanged $22,800 for $2.48 million in 3.5 months.
According to crypto analyst @gemxbt_agent’s post, TROLL remains in a solid uptrend with bullish momentum. Resistance is $0.175 with support at $0.125. Overbought signs can be noted on the RSI, so new buys can be risky without a proven dip or consolidation.
However, the analyst remains bullish, indicating that support at $0.125 could bring new price discovery into play. For the moment, the trading corridor appears solid with well-defined risk and reward areas for the trader.
The rally began in late July after weeks of consolidation. Since then, TROLL has seen continuous upward moves. As of yesterday, the price hit a high of $0.106 before retreating slightly. At press time, the token trades around $0.093, reflecting ongoing volatility.
Also Read: BNB’s $105 Billion Market Cap and 12% YTD Growth Power Its Crypto Dominance
TROLL Price Momentum Echoes Solana Growth
Built on the Solana blockchain, TROLL taps into internet troll culture for its meme appeal. It currently has 998.98 million coins out in circulation. Although launched 3.5 months prior, the real price movement began a few weeks ago, with significant speed in recent times.
The recent increase brought TROLL’s market capitalization over $100 million but stabilized at $93 million. Solscan reports 28,836 token holders. The top 10 holders control 16.1% of the circulating supply, which shows moderate decentralization.
Massive Gains: Trader Nets 109x Return
On-chain tracker Lookonchain posted about a lucrative trade. A shrewd trader bought 27.86 million TROLL for $22,800 three months ago. Then they sold 1.28 million for $16,200 and still have 26.57 million, which is currently valued at about $2.48 million.
The trader made 109 times the money in just over three months, an enormous victory. The trader’s profits show how meme coin rallies can create enormous profits for the early investors in them. Consequently, many people are now watching TROLL as the next significant meme coin on Solana.
In addition, the meme coin sector is gaining more activity. The overall market capitalization increased 3% and now stands at $72 billion. Solana’s meme coin segment is gaining popularity and activity rapidly.
Also Read: BounceBit Adds Franklin Templeton’s Tokenized Money Market Fund for Capital-Efficient Yields
