Bungling Investor Loses $36 Million on Prank Cryptocurrency in Solana
The Troll meme coin (TROLL) on the Solana blockchain has experienced a rollercoaster ride since its launch, with significant growth, a notable sell-off, and a subsequent resurgence.
Current Status and Market Cap
As of early August 2025, TROLL's market cap stands approximately at $31.5 million, with a token price hovering around $0.03 per TROLL. With a total supply of nearly 1 billion tokens, the coin shows signs of strong but volatile trading interest [4]. In recent weeks, TROLL price has seen a 71% rise in 24 hours and a 74% increase over a week [4]. Trading volumes in 24 hours and 7 days have been substantial, amounting to $12.56M and $34.45M respectively [4].
History and Notable Events
The TROLL coin's journey began with a period of stagnation, only to be followed by a sudden surge in April 2025. This delayed rise propelled the market cap from under $9,000 in mid-2024 to over $158 million by July 2025 [2].
One of the most significant stories in TROLL's history is the case of trader Leland King Fawcette, who bought $1,300 worth of TROLL in August 2024 but sold it shortly after due to lack of price movement, missing out on a potential profit exceeding $36 million by mid-2025 as the coin exploded [2].
Several investors, however, capitalized on TROLL's massive price appreciation. For instance, a trader known as frostx.sol turned a $2,900 investment into nearly $3.8 million over three months (a return of 130,000%) [1]. Another trader grew $22,800 into $2.48 million in about 3.5 months [3]. These gains underscore TROLL’s highly speculative and volatile nature but also highlight the potential for extreme returns in meme coins.
The coin’s growth has been fuelled by community-driven marketing, listing on exchanges like KuCoin, and involvement with Pump.fun (a Solana DEX), where the coin gained traction and attention [1][3][5].
Summary
TROLL is a highly volatile Solana meme coin that saw a long flat phase before a sharp rise starting April 2025. Its peak market cap exceeded $158 million, though it has since cooled to around $31 million as of August 2025.
Notable stories include Leland King Fawcette’s $36 million missed profit by exiting too early and major individual trader returns transforming modest investments into multi-million-dollar holdings.
It remains a high-risk, speculative asset driven by community hype and marketing. This overview combines recent market data with documented major events in TROLL’s trading history for a comprehensive snapshot of the meme coin on Solana [1][2][3][4][5].
- Investors are constantly looking to capitalize on the volatile nature of TROLL, a Solana-based meme coin, with returns potentially reaching as high as 130,000% as shown by frostx.sol who turned a $2,900 investment into nearly $3.8 million.
- Ethereum competitors like TROLL have gained attention in the crypto space, with TROLL's market cap rising to over $158 million by July 2025, following a period of stagnation and a subsequent surge in April 2025.
- The Initial Coin Offering (ICO) landscape has seen a significant shift with the rise of meme coins like TROLL, which utilizes a decentralized ecosystem that has propelled its trading interest among crypto investors.
- Wallets storing TROLL, the Solana blockchain's Troll meme coin, have been buzzing with activity due to its 71% rise in 24 hours and 74% increase over a week, as of early August 2025.
- As the meme coin craze continues to dominate the crypto market, tokens like TROLL on various blockchains have proven to be attractive investment opportunities, showcasing extreme returns for those who ride the wave.
- TROLL's impressive growth can be attributed to several factors, including community-driven marketing, being listed on exchanges like KuCoin, and collaboration with Dapps like Pump.fun, a Solana DEX, which has further fueled its popularity and ultimate success in the finance world powered by technology.
