TROLL, a meme coin inspired by internet troll culture and built on the Solana (SOL) blockchain, has surged by a staggering 210% in just one week. This impressive performance has pushed the token to an all-time high of $0.106, before settling at around $0.093 at the time of writing.
Launched just 3.5 months ago, TROLL saw relatively quiet price action in its early days. But things changed dramatically from late July, as the token experienced back-to-back price spikes, driven by rising trading activity and market interest. With this momentum, TROLL’s market cap briefly surpassed $100 million, before adjusting to $93 million.
An analyst noted the shift in sentiment:
“From a long, boring base to a vertical send – this is how conviction plays reward the patient. Volume’s up, and market cap’s pushing for new ATH. Next stop? Price discovery.”
Massive Gains for Early Traders
The sharp rally in TROLL has led to eye-watering profits for early investors. According to on-chain tracking platform Lookonchain, one trader invested $22,800 to purchase 27.86 million TROLL shortly after its launch. Recently, they sold 1.28 million tokens for around $16,200, only a small portion of their holdings.
The rest of their tokens, 26.57 million TROLL, are now worth approximately $2.48 million, representing an unbelievable 109x return in just over three months.
“From $22,800 to $2.48 million in 3.5 months, a 109x return,” Lookonchain reported.
Such returns have drawn the attention of both seasoned and new traders, all keen to see if TROLL’s rally is just the beginning or the peak of a meme coin cycle.
Solana Meme Coin Activity Reignites
TROLL’s rise isn’t happening in isolation. The meme coin market, particularly on the Solana blockchain, is heating up again. Data from Dune Analytics shows that new meme token launches are on the rise, and trading volumes on decentralised exchanges (DEXs) have been climbing.
A major driver behind this resurgence is LetsBonk, which now controls 60% of Solana’s meme coin market share, overtaking Pump.Fun, the former dominant platform. This shift signals a renewed appetite for speculative tokens and creative meme coins, many of which are drawing on online culture and community buzz to gain traction.
Currently, TROLL has 28,836 holders, and the top 10 wallets control 16.1% of the total circulating supply, a relatively decentralised spread compared to other meme coins, suggesting a healthy level of community involvement.
Will the Meme Coin Wave Continue?
The broader meme coin market cap has grown by 3% in the past 24 hours, now sitting at $72 billion, suggesting a broader uptrend in sentiment. TROLL is now seen as a poster child for this new wave, potentially paving the way for other Solana-based tokens to follow.
While some traders may see this as an opportunity to get in early, others are more cautious, meme coins remain highly volatile, and price spikes can reverse quickly. However, TROLL’s performance shows that with the right narrative, community backing, and blockchain ecosystem, meme coins can deliver massive short-term returns.
Whether or not the TROLL rally continues, it has already proven one thing: the meme coin market on Solana is alive and well, and perhaps just getting started again.
