TROLL (Troll) Token Price & Latest Live Chart

What is TROLL (Troll)?

TROLL, a memecoin that has recently gained significant attention in the cryptocurrency community, was initially deployed on the Ethereum network on April 19, 2023. Its emergence marked another addition to the growing list of memecoins, characterized by their association with internet culture and often, influential personalities. The name TROLL, deriving its connotation from the term "troll" often used in internet parlance, quickly garnered a community following which positioned itself uniquely within the crypto space.

Despite its initial launch generating buzz similar to that of other memecoins like Pepe Coin (PEPE), TROLL's early journey was fraught with volatility. In its first few months, the coin struggled to make a lasting impact, leading to a decline in its social media presence and a stagnation in its value. However, the narrative around TROLL took a dramatic turn with the involvement of Elon Musk, a figure renowned for his influence in the crypto market. Musk's change of his profile on X (previously Twitter) to include "(CTO) Chief Troll Officer" sparked a significant surge in TROLL's value, a phenomenon often referred to as the "Musk Effect."

On January 9th, 2024, Elon Musk changed his profile to 'Chief Troll Officer,' according to his tweet.

This resurgence saw a remarkable 13,208% increase in the value of TROLL within a mere six days, catapulting its market capitalization to $45.2 million and a trading volume of $24.7 million. This dramatic shift not only revitalized TROLL but also placed it in the spotlight of the crypto community, drawing parallels with the impact Musk has had on other memecoins like Dogecoin and Shiba Inu.

How does TROLL (Troll) work?

The TROLL, like many memecoins, is deeply intertwined with social media trends and influencer impacts. Its performance is less about the technical intricacies often associated with traditional cryptocurrencies and more about the whims and influences of social media dynamics. TROLL's operation within the Ethereum network provides it with a solid technical foundation, yet its value fluctuations are predominantly driven by external social factors, particularly endorsements or mentions by popular individuals like Elon Musk.

The phenomenon surrounding TROLL exemplifies the growing trend of memecoins, where market movements are less predictable and more susceptible to social media trends and influencer comments. This has led to significant price surges and drops, making TROLL a speculative asset with a high risk-reward ratio. The way to acquire TROLL tokens includes purchasing them on FameEX, or you can create a wallet with MetaMask and obtain some ETH to exchange for TROLL. If you don't have any ETH, you can buy it directly on FameEX as well and then transfer it back to your MetaMask wallet. You can also use Uniswap to connect your wallet there, paste the TROLL token address into Uniswap, select TROLL, and confirm the transaction.

TROLL (Troll) market price & tokenomics

The tokenomics of TROLL are similar to other memecoins, where supply and demand dynamics are heavily influenced by social media buzz and celebrity endorsements. The total supply and distribution mechanisms of TROLL, however, are not detailed in available sources, indicating a lack of transparency typical of many memecoins. The total token supply is 960,420,000,000,000, and it has a tax rate of 0%. The liquidity pool accounts for 93.1% of this supply. As of now, TROLL (Troll) is ranked #2305 by CoinMarketCap with market capitalization of $17.39 million USD. The self-reported current circulating supply of TROLL coins is 960.42 trillion.

Why do you invest in TROLL (Troll)?

Investing in TROLL tokens is a decision that should be approached with caution. The allure of TROLL lies in its potential for rapid value appreciation, often fueled by social media trends and endorsements by influential figures. For investors looking for high-risk, high-reward opportunities, TROLL offers an enticing but unpredictable venture. However, it's crucial for potential investors to understand the speculative nature of memecoins like TROLL. Their value is not rooted in traditional financial fundamentals but is instead heavily reliant on social media influence and market sentiment. This makes them a risky investment, prone to sudden and extreme fluctuations.

Is TROLL (Troll) a good Investment?

The question of whether TROLL is a good investment is subjective and depends largely on an individual's investment strategy and risk tolerance. For those who enjoy speculative investments and are comfortable with high-risk scenarios, TROLL presents an intriguing option, especially in light of its recent performance and the "Musk Effect."

However, for investors seeking stability and long-term growth based on fundamental analysis, TROLL may be the risky choice. The inherent volatility and unpredictability associated with memecoins make them a risky investment, where the potential for high returns comes with an equally high risk of losses. While TROLL has demonstrated the potential for rapid 100% growth in January 2024 and significant returns, it embodies the speculative and volatile nature of memecoins. Investors should carefully consider their risk appetite and investment goals before engaging in such speculative ventures.

Find out more about TROLL (Troll):

• Homepage

• Explorer: Etherscan

• Whitepaper