Latest news with #TROLL
Yahoo
6 days ago
- Business
- Yahoo
Solana Memecoin Trader Missed Out On $45M After Selling Too Early But Says, 'I'll Be Real, It Doesn't Hurt'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A Solana memecoin trader sold his TROLL holdings too early and missed out on a $45 million windfall. "I do not think there is anyone else in [crypto Twitter] with a bigger fumble than me," Solana memecoin creator Leland King Fawcette said Sunday on X, sharing transaction data, showing that he once controlled 22% of the total TROLL supply. TROLL is a Solana memecoin built around the Trollface meme. It originally launched over a year ago but has gained traction in recent weeks. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Fawcette told Decrypt on Tuesday that he had taken a large position in TROLL on Aug. 11, 2024, believing that he could get other influential cryptocurrency accounts to also buy in and pump the coin. But that didn't happen. Only one so-called cryptocurrency key opinion leader got in, he said. Feeling like his ploy had fallen through, Fawcette sold his holdings hours later, dumping on the copy traders of the KOL for a 9 SOL profit. At the time, the token had a market cap of only about $9,400. At first, it appeared that Fawcette had made the right choice. For months, the token barely moved, until this April. In April, the project received a new lease on life after the token's original creators abandoned it and the community took over the social media and marketing. Trending: If there was a new fund backed by Jeff Bezos offering a ? By the end of April, the token's market cap had surged from nearly nothing to a high of $41 million. This rally cooled in May and June before picking up again in late July. On Wednesday, the token peaked at over $207 million, meaning that if Fawcette had been able to hold on, his position would have been worth over $45 million. While such a loss in hindsight might give the average person sleepless nights, Fawcette has maintained in recent months that he is unbothered, a sentiment he repeated while speaking with Decrypt. "I'll be real, it doesn't hurt that I [sold] TROLL because I [sold] it back in August, and the coin started running in April," he said. "So the feeling of destruction, the feeling of hatred, the feeling of why did I [sell], that doesn't really exist for me. Because it was a single meme coin on a platform with millions of meme coins. Secondly, there was no indication that the coin was going to run."Nevertheless, Fawcette now appears to be chasing the shadow of TROLL's success by shilling LOL, a Solana memecoin inspired by the LOL screaming meme face, which shares similar artistic characteristics with the Trollface meme. Whether LOL can be the next TROLL remains to be seen. At last look, the token boasted a market capitalization of only $32,000 and even this is largely due to Fawcette's involvement. He said Wednesday on X that he owned 33.5% of the supply, promising to burn 30% of that stash if his post got 300 likes. At last look, it had only five. Read Next: — no wallets, just price speculation and free paper trading to practice different strategies. Image: Shutterstock This article Solana Memecoin Trader Missed Out On $45M After Selling Too Early But Says, 'I'll Be Real, It Doesn't Hurt' originally appeared on
Yahoo
05-08-2025
- Business
- Yahoo
Solana News: Seeker Phones Ship, Phantom Buys Sniper
Solana wallet provider Phantom expands its ecosystem with a strategic acquisition amid slowing market activity. Market Overview Bitcoin declined 4% week-on-week to $114,100, with $223 million pulled from global crypto funds—the first weekly outflow in 15 weeks. Investors appeared to be locking in profits after a strong run, triggering a broader pullback across altcoins. Solana dipped too, but has slightly recovered from its weekly lows. Across the Solana ecosystem, market value fell 8%, and trading volumes dropped 33%, repeating last week's trend. OG meme coin TROLL was the standout performer after gaining 221%. However, zooming out paints a positive picture: Solana's market cap has grown by more than a fifth over the past month, reaching $231 billion. Source: CoinMarketCap Activity behind the scenes remains strong, with several firms updating their SOL ETF filings, keeping Solana firmly in regulatory and institutional conversations. Let's go over what happened in Solana land this week! Solana's Performance Solana fell to $155 but has since rebounded to $166, slashing weekly losses to 10%. This comes as Solana's CME futures volume and open interest more than tripled in July, hitting new all-time highs as ETF momentum picks up. Trading volume surged 252% to $8.1 billion, while average open interest rose 203% to $400.9 million. Source: CoinMarketCap Meanwhile, the much-anticipated Seeker phones have begun shipping to over 50 countries. With over 150,000 pre-orders, the device is expected to generate at least $67.5 million in gross revenue for Solana Mobile, a subsidiary of Solana Labs. Please note that there is no official coin for Seeker as of yet, so don't fall for any scam coins pretending to be one. Refer to official Solana accounts for accurate information. L1 Ranking Update Solana's total value locked fell slightly to $9.8 billion, remaining firmly in second place ahead of BNB. Source: DeFiLlama DeFi It was a big slide for Solana's DEX volume, tumbling 29% this week, marking a shift after a strong performance in July. Source: DeFiLlama This comes off the back of a strong July in which Solana's stablecoin transfers rose by more than half to $215 billion. Biggest Winners & Losers Top Performers finally turned green after several weeks of down-only. As has been the case, meme coins were this week's big movers on Solana's ecosystem. TROLL (TROLL): +242% Unstable Coin (USDUC): +93.42% nubcat (NUB): +42.56% Artificial Liquid Intelligence (ALI): +38.48% (PUMP): +32.67% Biggest Losers Vine Coin (VINE): -55.22% Graphite Protocol (GP): -50.24% Staika (STIK): -40.31% Aspecta (ASP): -27.6% Hey Anon (ANON): -25.82% Source: CoinMarketCap Latest Solana News Phantom Acquires Solsniper To Boost Solana Trading Tools Phantom has acquired Solana-based trading platform Solsniper, bringing its team and high-speed analytics tools into the fold while continuing to operate the service independently. Solana Faces Quantum Test in $120K Crypto Security Bounty Cybersecurity firm Naoris is offering a $30,000 reward to anyone who can break Ed25519, the cryptographic algorithm securing Solana, as part of a broader $120,000 bounty targeting encryption standards across major blockchains like Bitcoin and Ethereum. Credix Exploited for $4.5M, Promises Full User Reimbursement Solana-based lending platform Credix was exploited for $4.5 million after an attacker gained admin access and minted unbacked tokens to drain liquidity pools. The team pledged to reimburse users fully within 48 hours. What You Can Do Now Monitor Solana's price movements as the token and broader market continue to retrace recent gains. Track Solana Mobile's Seeker device rollout, with shipments now on their way to customers across multiple regions. Stay updated on potential SEC decisions regarding SOL ETFs, as several firms have recently submitted amended filings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-07-2025
- Business
- Yahoo
Solana News: Foundation Unveils 2027 ICM Infra Roadmap, Bonk Pummels Pump.fun
Solana remains in a range ahead of the upcoming FOMC rate decision, even as institutional capital continues to flow into the ecosystem. Market Overview Bitcoin barely moved as it closed the week at $118.3K, logging a marginal 1% week-on-week gain. While its dominance held steady at 60%, altcoins took a hit as traders braced for the Federal Reserve's FOMC meeting scheduled for July 29-30, where benchmark rate decisions are expected. Solana slipped below the $200 mark despite rising institutional interest. This came as $311 million—an all-time high—poured into Solana-linked products, including exchange-traded products (ETPs) and funds. As usual, low-cap altcoins within the Solana ecosystem stole the show, with Vine Coin skyrocketing over 200% following Elon Musk's X post. Still, the ecosystem as a whole was not immune. Its ecosystem market cap fell 5% to $249 billion, and trading volume dropped 34% to $24 billion. Source: CoinMarketCap Let's break down what drove this week's volatility. Solana's Performance Solana took a breather after an explosive month-long rally, sliding 8% from $200 to $184 in a week. Zooming out, SOL is still up 22% on the monthly chart. Source: CoinMarketCap The correction came after Solana unveiled a bold 2027 roadmap aimed at becoming the foundational infrastructure for internet capital markets, focusing on improving market microstructures alongside bandwidth and latency. Will Solana fall further or charge above $200 following REX-Osprey's Solana staking ETF partnering with JitoSOL to pass 100% of staking rewards to shareholders, marking a first for U.S. crypto ETFs? L1 Ranking Update Solana's total value locked slipped below $10 billion, hitting $9.93 billion. This marks a 7% drop from last week. It maintains its second position while BNB closely follows in third. Source: DeFiLlama DeFi Solana's DEX volume fell 4% week-on-week, taking its 30-day cumulative volume to $81.4 billion. Source: DeFiLlama is on the receiving end of launchpad wars after its weekly volume and revenue plummeted to its lowest levels in 15 months. As loses market share, the degens are crowning LetsBonk as the new king of the trenches—for now! Biggest Winners & Losers Low-cap altcoins carried Solana's ecosystem with outsized gains. Top Performers Vine Coin (VINE): +242% Graphite Protocol (GP): +94.25% TROLL (TROLL): +84.65% Crowned by Third Time Games (CROWN): +80.59% Daddy Tate (DADDY): +69.83% MeasurableToken Data (MDT): +67.54% Biggest Losers Aspecta (ASP): -64.75% (PUMP): -34.78% (the downtrend continues) DOWGE (DJ16930): -31.39% KoKoK The Roach (KOKOK): -28.59% Fartcoin (FARTCOIN): -26.37% Source: CoinMarketCap Latest Solana News ARK Invest Taps SOL Strategies for $647M in Solana Staking ARK Invest has shifted 3.6 million SOL to SOL Strategies and BitGo, citing stronger institutional infrastructure to support its long-term digital asset strategy. Solana Proposes 66% Block Capacity Boost to Meet Growing Demand Solana developers have proposed raising the network's compute limit from 60M to 100M units per block, aiming to increase throughput for DeFi, NFTs, and other high-demand use cases as network activity continues to climb. MoonPay Enters Solana Staking Market With 8.49% Yield Offering MoonPay has launched liquid staking for Solana, allowing users to earn 8.49% APY with no lockup, as investor demand for on-chain yield accelerates amid growing ETF inflows and institutional activity. Solana Breakpoint Abu Dhabi Is Getting Closer! What You Can Do Now Watch your positions—market volatility is picking up ahead of the FOMC meeting. Follow the network's developments as developers propose a two-thirds block capacity increase. Stay alert as the Fed's benchmark rates may shift market momentum.
