Trader Turns 4.3 ETH into $1 Million After Elon Musk’s Bio Change
Recent on-chain data reveals that a trader managed to make a massive profit following Tesla CEO Elon Musk’s influence on the creation of a new meme coin.
According to Lookonchain, the trader withdrew 4.3 ETH from Binance after Musk modified his bio to read “(CTO) Chief Troll Officer.” With the ETH, the investor purchased 19.37 trillion TROLL coins.
TROLL Token Witnesses 57,000% Rally
Since Musk’s bio update on January 8th, the TROLL token has experienced an astonishing 57,000% rally over the past week. Currently trading at $0.0000001256, the token’s market cap has surged to $120 million with a daily trading volume of approximately $38 million.
Trader’s 4.3 ETH Turns into $1.14 Million
As a result of TROLL’s upward momentum, the trader’s initial investment of 4.3 ETH (worth around $10,000) transformed into an impressive $1.14 million in just one week.
The trader subsequently withdrew 5.3 ETH (valued at $12,467) to recoup their initial investment.
Address Still Holds $1.03 Million Worth of TROLL Coins
Despite withdrawing some funds, the on-chain data indicates that the trader still possesses 10 trillion TROLL coins with a value of $1.03 million.
Hot Take: Trader Strikes Gold with Meme Coin Investment
A savvy trader took advantage of Elon Musk’s influence and turned a modest investment into an astonishing profit by investing in the TROLL token. Withdrawing 4.3 ETH from Binance, the trader converted it into 19.37 trillion TROLL coins, resulting in a remarkable $1.14 million within a week. This success story highlights the potential for substantial gains in the volatile world of cryptocurrency and the impact that influential figures like Elon Musk can have on meme coins.
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