TROLL meme token suffers a sharp drop amid crypto-kit activity

The Troll meme coin recently experienced a sharp drop in value — by a staggering 58%. The collapse of TROLL’s price can be attributed to a series of large transactions and sales made by crypto kits.

One wallet, identified as 0xa7a0, purchased trillions of TROLL tokens in five separate transactions, cementing its position as one of the largest holders of the meme coin. The strategy behind the massive accumulation remains speculative at best. It can be assumed that the investor is using a «spray and pray» tactic, a high-risk investment method that involves purchasing a wide range of assets in the hope that some of them will bring significant returns.

In turn, another owner known as 0×97b8 decided to invest in TROLL six months before the pumping and withstood fluctuations in both bullish and bearish market conditions. Thanks to this decision, his portfolio amounted to approximately $ 1.2 million. Cryptocurrency analysts emphasized that «some profits were made that could have contributed to the latest TROLL crash.»

On January 9, Elon Musk changed his signature on his X-account to «(CTO) Chief Troll Officer». Upon noticing this, the trader withdrew 4,313 ETH ($ 10,113) from Binance and spent 4.3 ETH to buy 19.37 trillion TROLL. The user then sold 9.37 trillion TROLL for 5,318 ETH ($ 12,467).

The price of the coins remaining on his balance was then $ 295. However, within ten days, the token’s price increased by more than 30,000%. Currently, he owns 10 trillion TROLL worth $ 1.03 million.