Whales scoop millions in TROLL, fueling a $100M market cap run | Credit: Derek Fenech
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Key Takeaways
TROLL hit a $100 million market cap, marking a huge milestone for the Solana-based memecoin.
The token’s Social dominance has climbed, with weighted sentiment turning positive.
On the 4-hour chart, higher lows and a strong +DMI/-DMI spread signal a sustained uptrend.
TROLL, a Solana-based memecoin, has surged past the $100 million market cap mark, crossing into nine-figure territory earlier today.
Fueled by nonstop social buzz, whale accumulation, and a wave of small-cap traders jumping in, the token appears to be aiming even higher — and August is only just getting started.
In this report, CCN breaks down how TROLL hit this milestone and what could be next in the short term.
Whales Continue to Buy TROLL
At the time of writing, TROLL is trading at $0.098, up a massive 195% over the past week. The memecoin briefly hit a $100 million market cap before pulling back slightly to $98.14 million.
CCN’s analysis shows that the rally was partly driven by renewed whale activity. One large holder, also known for backing Useless Coin (USELESS), bought $63,000 worth of TROLL when the market cap hovered around $86 million.
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Another whale, linked to Pump.fun (PUMP), jumped in with a $109,890 buy as TROLL approached the $100 million mark. If this trend of large buys continues, the price could climb even higher.
Sentiment Backs Bullish Case
Following these whale-driven buys, social dominance around the TROLL token has started to climb. Santiment data shows the metric has risen to 0.43%, indicating that TROLL is capturing a larger share of crypto-related social discussions.
Rising social dominance reflects heightened retail interest. This can attract more speculative capital in the short term, potentially driving the price higher.
The spike can also amplify volatility, as sentiment-driven rallies tend to be more aggressive but less stable.
Therefore, if the social chatter continues to trend upward, TROLL could see another wave of inflows, potentially pushing it toward a fresh breakout above $0.10
Alongside rising social dominance, Weighted Sentiment around TROLL has shifted into positive territory. This metric measures the balance between bullish and bearish commentary, weighted by the volume of discussion.
When combined with increasing social dominance, this positive sentiment suggests that TROLL’s price might trade higher even if it undergoes a short-term decline.
TROLL Price Prediction: No Correction
From a technical perspective, the 4-hour chart shows that the TROLL token has consistently printed higher lows — a sign of sustained buying pressure. The Directional Movement Index (DMI) reinforces this bullish structure.
The +DMI (green) currently sits at 27.98, well above the -DMI (red) at 6.04, indicating that buyers remain firmly in control. Meanwhile, the Average Directional Index (ADX) is 57.18, signaling a strong uptrend.
Should this trend remain the same, TROLL’s price might break the resistance at $0.10 and move to $0.17. However, if whales decided to take profits, this prediction might not happen, and TROLL might slide to $0.086.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
