News

Elon Musk’s Influence Drives Significant Profits In Smart Money Ventures

This week, Elon Musk’s impact on Smart Money ventures reached new heights as his involvement sparked a buying frenzy for the meme coin $TROLL, resulting in substantial profits of $13.4 million for numerous addresses.

While $TROLL experienced stagnation since its introduction in April of the previous year, Musk’s notable endorsement triggered a surge in the token’s value. Presently, $TROLL joins the ranks of meme currencies that have witnessed increased value due to Musk’s influence, including Dogecoin, Shiba Inu, Floki, Baby Dogecoin, and MiLady.

Musk’s announcement of the Grok AI chatbot on November 5 coincided with the debut of the meme coin GROK, leading to a significant surge as traders capitalized on the excitement surrounding it.

Notable TROLL Transfers And Accumulation To Watch

One noteworthy report highlights a top $TROLL trader who transformed a $75,000 buying spree into profits totaling $515,000, while other traders saw gains reaching up to $461,000.

In a separate revelation, four traders showcased their success by turning an initial investment of $131,000 into an impressive $6 million with the memecoin $TROLL.

Related Post

Their strategic approach involved purchasing 82.15 trillion $TROLL ($131,000) between May and December 2023, subsequently capitalizing on a 1123% surge in $TROLL’s value over a 7-day period following Musk’s alteration of his Twitter bio to “(CTO) Chief Troll Officer.”

As of the latest update, their current holding stands at 55.7 trillion $TROLL, reflecting a valuation of $6.06 million.

Elon Musk’s ongoing impact on meme coins and Smart Money ventures continues to showcase the potential for substantial profits in the cryptocurrency market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: jemastock/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

WIF Set to Overtake BONK? Lunex Soars with 100x Potential in Altcoin Season

As altcoin season heats up, all eyes are on the rising stars—especially Lunex, which is…

3 hours ago

Binance Coin Price Dips: BNB Holders Rush To Lunex Presale To Hedge Their Long Positions

While the broader market witnessed a notable upward movement, Binance Coin (BNB) experienced a decline…

4 hours ago

Crypto Stalwarts Forecasted 800% Growth in Innovative Projects: VeChain, Rollblock and Polkadot!

This blazing crypto bull run has investors looking for the next top altcoins set to…

4 hours ago

Dogecoin Price Set To Recreate 36,000% Rally From 2021 After Pennant Formation

The Dogecoin price is back in the limelight, captivating the crypto world with its recent…

4 hours ago

Is XRP About to Explode? How Trump’s Victory Is Affecting XRP Price Amidst JetBolt Growth

Ripple’s XRP showed a 68% price increase in the last 7 days following Trump's victory,…

4 hours ago

Ethereum Down While Bitcoin, Solana, and JetBolt Skyrocket In End November 2024

Ethereum stumbles as Bitcoin surges past $97K, Solana eyes new highs, and JetBolt’s presale shakes…

7 hours ago