Meme currency Troll’s value has suddenly dropped precipitously, by an astounding 58%. Numerous significant transactions and sells by major holders are to blame for the TROLL price drop.
One wallet in particular, known as 0xa7a0, became one of the biggest holders of the memetic digital currency after acquiring billions of TROLL tokens in five different transactions. At best, the strategy underlying such a large-scale stockpiling of supposedly low-value tokens is still up in the air.
A “spray and pray” strategy, which is a high-risk investment approach that entails buying a variety of assets in the hopes that some may provide substantial returns, may have been employed by the investor.
https://x.com/PeckShieldAlert/status/1752527481322758520?s=20
On the other hand, a different holder with the address 0x97b8 made the decision to purchase TROLL six months before the pump and survived both bullish and negative market situations. By making this choice, his or her portfolio was valued at about $1.2 million, and while some profits were made, they would have added to the current TROLL meltdown.
These securities have an excellent paper worth, but TROLL’s low liquidity makes the reality grim. It is quite unlikely that these investors could sell their investments for even half of what they are worth without the token losing even more value.
These huge accounts’ significant profit-taking may be fairly ascribed to the catastrophic decline in TROLL’s market price, which resulted in a near 60% devaluation.
Musk has never sponsored the TROLL coin and has no real link to it, despite his past joke about being the “Chief Troll Officer” at X. It is incorrect to infer that Musk’s remarks had a direct impact on TROLL’s trading actions.
