Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Trader Sees 1,300x Returns As Solana Memecoin Goes on Explosive Rally: Lookonchain

Trader Sees 1,300x Returns As Solana Memecoin Goes on Explosive Rally: Lookonchain

Daily HodlDaily Hodl2025/08/05 16:00
By:by Daily Hodl Staff

One trader is seeing million dollar profits on a Solana ( SOL )-based memecoin in just months, according to on-chain data.

Blockchain tracking firm Lookonchain says that one investor in TROLL is looking at a gain of more than 130,000% after the memecoin inspired by the internet trolling culture had an explosive rally over the last month.

“From $2,900 to $3.78 million in just 3.5 months – a 1,300x return!

Trader ‘frostx.sol’ spent $2,900 to buy 20.91 million TROLL three months ago, sold 2.55 million for $50,700 and still holds 18.36 million TROLL ($3.73 million). With TROLL’s recent surge, his position has flipped nearly 1,300x, with a profit of $3.78 million.”

Trader Sees 1,300x Returns As Solana Memecoin Goes on Explosive Rally: Lookonchain image 0 Source: Lookonchain/X

TROLL hit an all-time high on Wednesday at $0.2018, an increase of more than 423% from its seven-day low of $0.0403. TROLL has since retraced from its ATH and is trading for $0.1669 at time of writing, up 15.2% on the day.

With a market cap of $175 million, TROLL is the 344th largest crypto project.

Meanwhile, Solana, which has gained network activity from the memecoin craze, may be losing investor interest, according to crypto analytics platform Glassnode.

Glassnode says that one key metric suggests that Ethereum ( ETH ) may be suddenly attracting more investors at the expense of Solana. The firm uses the Hot Realized Cap metric, which measures the capital held by accounts that have been active in the last seven days, to track the capital inflow of new investors.

“The SOL/ETH hot capital ratio is in a clear downtrend, now at its YTD low of 0.045. ETH saw record short-term inflows on July 29th, while SOL hit a local peak – but both are now decelerating. The cooldown is sharper for SOL, signaling a fading but notable ETH-led rotation.”

Trader Sees 1,300x Returns As Solana Memecoin Goes on Explosive Rally: Lookonchain image 1 Source: Glassnode/X

ETH is trading for $3,649 at time of writing, up 1.7% in the last 24 hours. Meanwhile, SOL is trading for $167 at time of writing, up 2.6% on the day.

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix


Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!