Solana Memecoin TROLL Don Rally 1,300x as ETH Dey Draw Hot Capital
One Solana memecoin wey dem dey call TROLL don grow pass 1,300 times for like 3.5 months, according to Lookonchain on-chain data. Trader wey name be frostx.sol put $2,900 for ground to buy 20.91 million TROLL, e sell some part make $50,700, and e still get 18.36 million tokens wey dey worth $3.73 million. TROLL peak reach all-time high of $0.2018, wey be 423% up from the lowest price for the last seven days before e settle for $0.1669.
At the same time, Solana network activity don spike because of this memecoin craze, but Glassnode analysis dey warn say capital dey shift go Ethereum. The SOL/ETH hot capital ratio wey dey track short-term capital inflows don drop to the year-to-date low of 0.045. ETH see record seven-day inflows on July 29, while SOL inflows slow down sharp sharp, showing say di rotation na ETH-led.
As of writing this, ETH dey trade for $3,649 (up 1.7% for 24 hours) and SOL dey trade for $167 (up 2.6%). Market cap for TROLL na $175 million, placing am for 344th place among crypto projects.
Bullish
Di explosive 1,300x rally for Solana memecoin TROLL dey show strong speculative demand plus high network activity, wey na bullish sign for altcoin sentiment. E be like past memecoin surges like Dogecoin and SHIB, wey attract short-term traders and boost platform use. Even though Glassnode data dey show capital dey move enter Ethereum, overall willingness to chase high-risk tokens mean say bullish momentum go still last short term. For long term, sustained gains go depend on broader market confidence and how strong Solana’s ecosystem go remain for competition. Traders suppose dey watch profit-taking and liquidity shift, but fit see this rally as beta sign for altcoin markets.