A cryptocurrency dealer who invested $10,000 within the meme coin Troll has not too long ago realized a revenue of over $1.03 million, due to capitalizing on Elon Musk’s up to date bio description on X (previously Twitter).
On January 9, Musk altered his X profile description to “(CTO) Chief Troll Officer” and posted a message containing an analogous phrase with out extra rationalization.
Merchants Revenue from Elon Musk’s Twitter Profile Change
Making the most of Musk’s Twitter profile change proved extremely worthwhile for a lucky dealer who turned a dropping funding right into a exceptional revenue in a brief interval.
Based on on-chain information from Lookonchain, the dealer observed Musk’s profile change and swiftly withdrew 4.313 ETH ($10,113) from Binance.
In simply 10 days, this dealer turned $300 into $1.03M!😱
How did he do it?
After noticing that @elonmusk had modified his Twitter profile to “(CTO) Chief Troll Officer”, this dealer instantly withdrew 4.313 $ETH($10,113) from #Binance and spent 4.3 $ETH to purchase 19.37T $TROLL.… pic.twitter.com/NWO7j4pyq4
— Lookonchain (@lookonchain) January 17, 2024
Utilizing 4.3 ETH, they bought 19.37 trillion TROLL tokens and offered 9.37 trillion TROLL for five.318 ETH ($12,467), recovering the preliminary price. The dealer now holds 10 trillion TROLL, presently valued at $1.03 million.
In an analogous story, one other crypto dealer invested $30,000 within the meme coin Troll and earned a revenue of over $2.7 million.
The dealer spent $30,000 to amass 80.77 trillion TROLL tokens. Regardless of being in a dropping place for months, the investor’s portfolio skilled a surge, leading to a considerable achieve of $2.79 million.
Elon Musk’s Actions Affect on Crypto
Elon Musk, who holds a outstanding place on the social media platform X and can be the CEO of Tesla, is well known within the crypto house for his affect on numerous tasks. Not surprisingly, his latest profile description change garnered vital consideration, with hundreds of feedback, likes, and reposts.
The TROLL token, related to this occasion, skilled an unprecedented surge, reaching a peak enhance of 251% in lower than 24 hours and a 13,208% surge inside six days.
Elon Musk’s affect extends past Troll, as demonstrated by the affect of his X actions on numerous meme cash.
In November 2023, an image of his canine Marvin posted on X led to a greater than 400% surge within the memecoin Marvin Inu, settling at roughly 100% greater than its worth the day earlier than.
Earlier actions, akin to dressing his pet Floki because the CEO of X, resulted in a 40% surge in Floki Inu, and a tweet about “Child Doge” brought about the coin’s value to leap by almost 90%.
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