One trader sees a profit of million dollars on a Memecoin based on Solana (SOL) in just a few months, according to data on the chain.
Blockchain -Tracking company Lookonchain out That one investor in Troll looks at a profit of more than 130,000% after the memecoin inspired by the internet troll culture had an explosive rally last month.
“From $ 2,900 to $ 3.78 million in just 3.5 months – a return of 1,300x!
Trader ‘FrostX.Sol’ spent $ 2,900 to buy 20.91 million trolls three months ago, sold 2.55 million for $ 50,700 and still has 18.36 million trolls ($ 3.73 million). With the recent increase in Troll, his position turned almost 1,300x, with a profit of $ 3.78 million. “
Troll hit an all -time all time at $ 0.2018, an increase of more than 423% compared to its seven -day low of $ 0.0403. Troll has since withdrawn from his ATH and acts for $ 0.1669 at the time of writing, an increase of 15.2% in the day.
With a market capitalization of $ 175 million, Troll is the 344th largest crypto project.
In the meantime, Solana, who has received network activity from the Memecoinrage, may be possible investors according to Crypto Analytics Platform Glassnode.
Glass node out That only important metric suggests that Ethereum (ETH) suddenly attracts more investors at the expense of Solana. The company uses the Hot Realized Cap Metric, which measures the capital that is held by accounts that have been active in the last seven days, to follow the capital inflow of new investors.
“The SOL/ETH Hot Capital Ratio is located in a clear downward trend, now at its YTD depot of 0.045. ETH SAW Record Short-term Inflow on July 29, while Sol hit a local peak, but both are now translating. The cooldownswow is clearing a fadinging-rotation.”
ETH has been traded for $ 3,649 for the past 24 hours at the time of writing, an increase of 1.7%. In the meantime, Sol is trading $ 167 at the time of writing, an increase of 2.6% in the day.
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Generated image: midjourney