An unknown trader made over $1.15 million on the meme coin TROLL on the Ethereum network, as reported by the analytical company Lookonchain.

In early January 2024, the trader withdrew 4.31 ETH (at the time, it was worth $10,113) from the Binance cryptocurrency exchange. Almost immediately after that, they purchased 13.6 TROLL for 3 ETH and later bought an additional 5.7 TROLL using the remaining amount.

Later, this participant in the crypto market sold 9.36 trillion tokens for $12,466 and returned these funds to Binance.

As of the writing of this article, the trader's account holds 10 trillion TROLL, which is valued at $1.15 million, according to DeBank data.

Experts believe that the trader made the decision to invest in this asset after the head of X (formerly Twitter), Elon Musk, changed his profile description to "CTO" - Chief Troll Officer.