Overnight

Elon Musk

Coin

<p>Today, analytics platform Spot On Chain <a href="https://x.com/spotonchain/status/1747544235740680377?s=20" target="_blank" rel="noopener noreferrer nofollow">shared</a> data on X (Twitter) about four traders who turned an initial $131,000 investment into approximately $6 million in profits by trading the meme coin TROLL.</p>
<p>The analysis states that the traders originally accumulated 82.15 trillion TROLL between May-December 2023. The profits accrued after TROLL surged 1,123% over 7 days, an event which coincided with Elon Musk updating his Twitter bio to “Chief Troll Officer.” This temporary bio change highlighted Musk’s continued influence over crypto asset prices, despite his lessened activity in the industry.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="767" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-1024x767.png" alt="" class="wp-image-423158" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-1024x767.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-300x225.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-768x575.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-1536x1151.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-2048x1534.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-200x150.png 200w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-100x75.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-467x350.png 467w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489-788x590.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-489.png 1810w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>At time of writing, the four traders reportedly still hold 55.7 trillion TROLL, valued at $6.06 million. However, as seasoned crypto traders are aware, such fortunes can disappear as quickly as they materialize in this volatile market. <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="Meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Meme</a> coins like TROLL in particular tend to trade on hype and speculation more so than project fundamentals.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>While some traders have recently profited from TROLL’s price swings, such major wins are more an exception than the norm. As always, experts advise traders thoroughly research assets and allocate capital judiciously based on individual risk tolerance. The crypto markets will likely continue displaying high volatility in 2024.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-is-the-crypto-market-up-today-7/" target="_blank" rel="noopener noreferrer nofollow">Why Is The Crypto Market Up Today?</a></li>
 <li><a href="https://captainaltcoin.com/analyst-says-sei-is-breaking-out-shares-critical-make-or-break-levels/" target="_blank" rel="noopener noreferrer nofollow">Analyst Says SEI Is Breaking Out, Shares Critical Make Or Break Levels</a></li>
 <li><a href="https://captainaltcoin.com/the-4-best-crypto-tokens-to-invest-in-january-2024-avalanche-avax-meme-kombat-mk-sponge-v2-sponge-and-bitcoin-minetrix-btcmtx/" target="_blank" rel="noopener noreferrer nofollow">The 4 Best Crypto Tokens To Invest In January 2024: Avalanche (AVAX), Meme Kombat (MK), Sponge V2 (SPONGE), and Bitcoin Minetrix (BTCMTX)</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/overnight-millionaires-how-4-traders-cashed-in-big-on-this-meme-coin/" rel="noopener noreferrer nofollow">Overnight Millionaires:&nbsp;How 4 Traders Cashed In Big On This Meme Coin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Overnight Millionaires: How 4 Traders Cashed In Big On This Meme Coin

Table of Contents

CaptainAltcoin

Other articles published on Jan 17, 2024

Dogecoin & Solana Meet Their Match: The Rising Star in Cryptocurrency

Gemini получила лицензию поставщика услуг виртуальных активов во Франции

Record-Breaking Bitcoin ETF Launch and Its Market Impact

Arthur Hayes Foresees Hong Kong’s Impact on Stalling Bitcoin ETF Adoption in the West

QCP Capital Forecasts ETH’s Dominance Over Bitcoin To Persist, Ethereum ETFs In Focus

FTX Attacker Shifts Bitcoin (BTC) in Most Sinister Way

Join our free newsletter for daily crypto updates!