Trader Nets $1 Million from Meme Token Thanks to Elon Musk

An anonymous user earned $1 million from the TROLL token, as noted by analysts at Lookonchain.

In just 10 days, this trader turned $300 into $1.03M!?

How did he do it?

After noticing that @elonmusk had changed his Twitter profile to “(CTO) Chief Troll Officer”, this trader immediately withdrew 4.313 $ETH($10,113) from #Binance and spent 4.3 $ETH to buy 19.37T $TROLL.… pic.twitter.com/NWO7j4pyq4

— Lookonchain (@lookonchain) January 17, 2024

On January 9, Elon Musk changed his X-account signature to “(CTO) Chief Troll Officer”. Noticing this, the trader withdrew 4.313 ETH ($10,113) from Binance and spent 4.3 ETH to purchase 19.37 trillion TROLL.

The user then sold 9.37 trillion TROLL for 5.318 ETH ($12,467) to recover the cost.

The remaining coins in his balance were then valued at $295. However, within ten days, the token’s price surged by over 30,000%. He currently owns 10 trillion TROLL worth $1.03 million.

Back in late 2023, a Solana trader turned $60 into $2 million on a single meme token.