The Solana meme coin landscape is abuzz with excitement as TROLL, a rising cryptocurrency in the ecosystem, continues to defy expectations and shatter records. With its market cap recently surging past the pivotal $160 million mark, TROLL has captured the attention of investors and enthusiasts alike.
Fueled by whale accumulation, social dominance, and a wave of small-cap traders jumping in, the token’s momentum shows no signs of slowing down. As the crypto market enters September, a month historically notorious for volatility, all eyes are on the TROLL token to see if the meme coin will sustain its bullish momentum.
Also, the current trajectory of the token sparks speculations of its potential rally to become the top Solana-based meme coin. This article studies TROLL’s current trajectory and its potential future.
TROLL Surges 13% in a Day
TROLL is a meme coin on the Solana blockchain, which echoes the internet culture of trolling. The meme token is designed with the intention of pure entertainment and community engagement. It thrives on Solana’s fast and low-fee transactions, making it the perfect choice for meme coin enthusiasts. Launched on decentralized exchanges, TROLL fosters a playful ecosystem through social media, influencer collaborations, and viral marketing, embracing the light-hearted spirit of online trolling.
Currently, TROLL is riding a positive track, with its value experiencing a significant upswing. As a result, more and more investors are taking notice and showing increased interest in the token. Just within a day, the trading volume has hit $15.56 million, surging by more than 40%. With this growing popularity and potential for future growth, TROLL is becoming a hot topic of discussion among investors and crypto enthusiasts.
At press time, TROLL is $0.1653, up by 13.95% in a day. Despite a 19% decline over the past week, the memecoin has seen a staggering monthly hike of 100%. After hitting an all-time high of $0.2746 on August 23, TROLL slightly plummeted to reach the current level. However, the token is still travelling through a positive track, compared to its initial price point of around $0.013.
Will TROLL Become #1 Solana Meme Coin?
Based on its positive trend, popularity, and outperformance compared to Solana-based meme coins, TROLL is poised to dominate the space. Analysts like Jalen believe that TROLL is likely to become the number one Solana meme coin. He wrote on an X post, “TROLL is going to be the #1 memecoin on solana.”
Boasting a market cap of $164.84 million, TROLL takes the 367th position on CoinMarketCap. Over the last 24 hours, this value has surged by nearly 15%. This also positions the token among the top Solana-based meme coins.
As of now, TROLL is the 12th largest Solana meme coin, with PENGU, TRUMP, BONK, WIF, and FARTCOIN taking the top 5 positions. However, among the top 12 Solana tokens, TROLL is the top performer over the past day. Adding more intrigue to this positive momentum, the token has not only outperformed Solana meme coins but also other major tokens in terms of 24-hour gain.
Whale Activity Boom
Reportedly, the increasing whale activity has played a significant role in pushing the token upward. At the onset of August, a whale known for supporting Useless Coin (USELESS) acquired $63,000 worth of tokens when TROLL boasted a market cap of $86 million. Later, when TROLL surpassed $100 million in market cap for the first time, another whale, often liked to Pumpfun, invested $109,890 in the token.
In the latest development, a Solana whale swapped 1000 SOL (worth over $100k) to buy TROLL. Now the whale’s wallet holds 1.5 million TROLL meme coins. If large-scale buying continues, TROLL will continue to go higher.
