Memecoin trader briefly becomes millionaire off throwaway Elon Musk X gag

A crypto trader turned $10,000 into $1.3 million with a well-timed purchase of the TROLL token after Elon Musk updated his bio to “Chief Troll Officer” on X.

One lucky trader has seemingly turned $10,000 into just over $1 million less than 10 days after purchasing the Troll (TROLL) memecoin just moments after Elon Musk changed his bio on X (formerly Twitter) to “Chief Troll Officer.”

Etherscan data cited by blockchain data provider LookOnChain shows the trader converted a total of 4.3 Ether (ETH) — worth approximately $10,000 at the time — into 19 trillion TROLL tokens.

On the same day, the trader sold 9 trillion TROLL tokens to cover their buy-in, holding the remaining 10 trillion tokens, which, at one point, were worth $1.34 million.

Read more

Source: https://cointelegraph.com/news/memecoin-trader-makes-million-on-elon-musk-chief-troll-officer-bio