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Trader turns 22,800 USD into 2.48 million USD thanks to memecoin TROLL
A trader turned 22,800 USD into 2.48 million USD in just 3.5 months thanks to memecoin $TROLL, achieving a profit of 109 times after a recent bullish surge. However, data from CoinGecko shows that the price of $TROLL has fallen by 0.30% in the past week, reflecting short term volatility.
Although the trader still holds 26.57 million $TROLL after selling 1.28 million, this strategy goes against the popular "pump and dump" trend. However, studies have peer-reviewed warnings about the "rug pull" risk, especially with hastily developed tokens.