Memecoin trader briefly became a millionaire from one-off Elon Musk X jokeAfter Elon Musk updated his bio on .Shortly after Elon Musk changed his bio on Days, it seemed like $10,000 turned into just over $1 million.Etherscan data cited by blockchain data provider LookOnChain showed that traders exchanged a total of 4.3 ether, worth about $10,000 at the time — for 19 trillion TROLL tokens.On the same day, the trader sold 9 trillion TROLL tokens to cover the buy-in amount and held the remaining 10 trillion tokens, which were at one point worth $1.34 million.The price has since fallen, but at current prices, the TROLL stack is still worth $864,000, equivalent to an 8,540% gain on its initial capital.Initially launched in April 2023, TROLL, like all memecoins, experienced a brief price surge before falling back to close to its launch price. That all changed on January 9, when Musk changed his X profile and sent the coin soaring more than 150,000% in three days.In 2021, one well-timed tweet from Musk had the power to send his favorite meme coin of the time, Dogecoin, skyrocketing.It happened again when a non-affiliated memecoin with the same name as Musk’s artificial intelligence project, dubbed “Grok,” suddenly became one of the largest memecoins in the space.At its peak of $0.027 on November 13, Grok (GROK) had a market cap of nearly $200 million, making it one of the largest new meme coins of the current cycle.Blockchain sleuth ZachXBT’s X post revealed that various social media accounts and websites related to Grok were repurposed from old projects, those late to the game getting burned by the GROK hype. I like spot goods and want to raise funds together to stock up on spot stocks in the bull market.Click on the avatar, follow me, face the fans, my bull market strategy layout, share for free, become a free blogger, just to increase fans.You need reference, I need fans, I don’t want to be a bull market companion.
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