From $173 to $224,000: One Trader’s Wild Solana Memecoin Win

In one of the memecoin success stories of the year, a Solana-based trader has turned a $173 investment into over $224,000, thanks to a viral rally in the obscure token TROLL.

The memecoin, based on the iconic Trollface meme from 2008, experienced a meteoric 59,944% surge on April 20, a day celebrated in meme culture. The trader, who bought 0.8 SOL worth of TROLL on December 16, 2024, held the tokens despite months of low activity and price slumps — including a market cap dip to $4,550 in April.

Launched via Pump.fun on the Solana network in May 2024, TROLL lingered under the radar for nearly a year. That changed on April 20, when its market cap exploded to $2.7 million before peaking at $27.37 million, according to DEX Screener. At the time of writing, the market cap has stabilized near $16 million.

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Blockchain data from Solscan reveals that the trader moved their tokens to a new wallet shortly after purchase — likely for security or privacy. As TROLL surged, they began offloading tokens in 97 transactions, cashing out approximately $103,900 while still holding $120,490 worth of the asset.

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While the story has fueled excitement across Crypto Twitter, analysts caution against the high risks of chasing memecoin gains. Tokens like TROLL often lack fundamentals, face extreme volatility, and reward a very small percentage of participants.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.