Cryptocurrency Investor Earns $1 Million in Profits by Leveraging Elon Musk’s Change in Twitter Biography

Crypto Investor Strikes Gold with Troll Coin Following Musk’s X Bio Update

A savvy cryptocurrency investor who initially put $10,000 into the meme coin known as Troll has clinched a staggering $1.03 million in profit, leveraging the buzz created by Elon Musk’s modified bio on the social platform X (once known as Twitter).

On the 9th of January, Musk tweaked his X bio to read “(CTO) Chief Troll Officer,” and soon after, he shared a cryptic post reflecting that same title, though he left out any further details.

One crypto enthusiast’s quick response to Musk’s tweaks on his X profile paid off handsomely, as they converted a faltering investment into a massive gain within a brief timespan.

Based on the insights provided by on-chain analytics from Lookonchain, the investor acted promptly after noticing Musk’s bio shift, pulling 4.313 ETH (amounting to $10,113) out of Binance.

This individual used their 4.3 ETH to snap up 19.37 trillion TROLL, later offloading 9.37 trillion TROLL for 5.318 ETH (translating to $12,467), which let them recoup their initial outlay. At present, the trader’s remaining 10 trillion TROLL holdings are valued at a cool $1.03 million.

Another similar tale tells of a trader who sank $30,000 into Troll to later find themselves reaping over $2.7 million in profits.

Having acquired 80.77 trillion TROLL with $30,000, the investor languished in the negative for an extended period until a sudden swell in value catapulted their investment to a monumental $2.79 million profit.

The Ripple Effect of Elon Musk on Cryptocurrency Markets

Elon Musk, the face of X and captain of Tesla, boasts a significant reputation within cryptocurrency circles for his power to move markets. His modification of his X bio thus drew intense scrutiny, with scores of users interacting via comments, likes, and shares.

In the wake of Musk’s online antics, TROLL coin’s value rocketed, notching up a dramatic 251% climb in under a day and an astronomical rise of 13,208% across six days.

But Musk’s influence spans more than just Troll, with his posts on X causing ripples across the meme coin realm.

For instance, in November 2023, a photo Musk shared of his dog Marvin ignited a more than 400% explosion in the price of Marvin Inu, settling the coin at a value roughly double that of the previous day.

Earlier, Musk set Twitter (now X) abuzz by dressing his dog Floki as X’s CEO, which propelled Floki Inu’s price by 40%, while a mention of “Baby Doge” saw the coin’s value leap by almost 90%.