Crypto Trader Turns 4.3 Ethereum (ETH) into $1.14M with This Meme Coin

A crypto trader capitalized on Elon Musk’s social media antics, earning profits from 4.3 Ethereum invested in a meme coin influenced by Musk’s tweet.
On January 8, Elon Musk changed his Twitter bio to “(CTO) Chief Troll Officer,” attracting attention from crypto enthusiasts.
Seizing the opportunity, the trader withdrew 4.3 ETH from Binance and invested in TROLL coins.

A crypto trader capitalized on Elon Musk’s social media antics, raking in astonishing profits by investing in a meme coin that sprung to life following a whimsical tweet by the Tesla CEO.

It all began when Elon Musk, known for his influential presence in the crypto space, decided to have some fun with his Twitter bio on January 8. Musk changed his bio to “(CTO) Chief Troll Officer,” a move that didn’t go unnoticed by crypto enthusiasts.

Seizing the opportunity presented by Musk’s playful bio change, an astute trader decided to make a move. According to data from Lookonchain, this trader withdrew 4.3 Ethereum from the cryptocurrency exchange Binance.

40 minutes ago, 18,638 BTC ($798M) was transferred from the Grayscale Trust address to Coinbase Prime. Since the adoption BTC spot ETF, the Grayscale Trust address has transferred a total of 31,638 BTC ($1.366B) to Coinbase Prime during the opening hours of the US stock market… https://t.co/79C0jJSB0r
— Wu Blockchain (@WuBlockchain) January 17, 2024

Investment in TROLL Coin

With the 4.3 Ethereum in hand, the trader delved into the world of meme coins and purchased a staggering 19.37 trillion TROLL coins. This strategic investment would soon prove to be an incredibly shrewd move.

In the wake of Musk’s bio update, the TROLL token embarked on an astronomical ascent. Over the course of a single week, it recorded an astounding 57,000% rally.

The exponential rise of the TROLL token had a profound impact on the trader’s initial investment. What had started as 4.3 ETH, with an approximate value of $10,000, had transformed into a staggering $1.14 million in just seven days. This remarkable windfall was a testament to the dynamic and volatile nature of meme coins.

Subsequently, the trader decided to take some profits off the table. By withdrawing 5.3 ETH, equivalent to $12,467, the trader successfully recouped the initial investment while still retaining a substantial position in TROLL coins.

As per on-chain data, the trader’s crypto wallet currently holds an impressive stash of 10 trillion TROLL coins, an asset valued at approximately $1.03 million. This substantial position underscores the potential for significant gains in the meme coin arena, even amid the volatile and speculative nature of such investments.

Source: https://thenewscrypto.com/crypto-trader-turns-4-3-ethereum-eth-into-1-14m-with-this-meme-coin/