Positive News Drives Surge in TROLL Price
On January 22, market data shows the Solana-based meme coin TROLL saw its market cap rise rapidly, briefly exceeding $33 million, with the current price hovering around $0.031, a 52% increase within 24 hours.
Interestingly, the price surge began before the official announcement. Around 3 a.m., TROLL’s price started rising, with gains surpassing 70% ahead of the official listing news released at 10 a.m. that day.
Listing News Acts as Catalyst
The surge follows the announcement that TROLL will be listed on Binance US at 9 p.m. ET on January 22. As a key exchange in the U.S. market, Binance US’s decision significantly impacts investor sentiment.
Proceed with Caution
While the short-term rally is impressive, investors should remain cautious. Meme coins often lack real-world use cases, relying heavily on hype and community sentiment, making them highly volatile.
- Meme coins derive value from trends and speculation
- Frequently lack underlying technology or utility
- Price swings can be extreme and unpredictable