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