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Solana-based Meme coin TROLL has recently gained popularity again. On January 22, this coin's market cap surged to $30 million, reaching as high as $33 million. The current price is around $0.031, with a 24-hour increase of 52%.
Interestingly, the upward trend started early—on-chain data shows it was already up at 3 a.m., more than 70% higher than the current price. Meanwhile, a major exchange only announced the TROLL trading pair at 9 p.m. Eastern Time on January 22, which means market reactions preceded the official announcement (around 10 a.m.).
Of course, everyone knows what Meme coins are—price swings are crazy, and fundamentally they are built on hype and concepts, with little real-world application or value backing them. These types of tokens carry significant risk, so investors should be cautious.