A “lucky” crypto trader has made a profit of over $2.7 million riding on Elon Musk’s new bio description on X. According to Lookonchain, the smartmoney on-chain analytics platform, the trader’s fortune turned around shortly after Musk changed his X bio description to Chief Troll Officer (CTO).
What a lucky guy! This guy turned a loss into a profit of over $2.7M!
Since @elonmusk changed his profile to”(CTO) Chief Troll Officer”, the price of $TROLL skyrocketed!
A trader spent $30K to buy 80.77T $TROLL, which is now worth $2.79M!https://t.co/f1d2qQjWQi pic.twitter.com/sncuflc2d7
— Lookonchain (@lookonchain) January 14, 2024
Lookonchain shared screenshots of the trader’s wallet on the etherscan blockchain explorer and the price chart of TROLL/WETH, showing how fortunes changed for the trader. According to information shared by Lookonchain, the “lucky” spent $30,000 to buy TROLL, with the price skyrocketing after Musk effected the change to his X bio. Following the development, the trader’s $30,000 investment is worth $2.79 million.
On January 9, Musk, who is at the helm of affairs on X, changed his bio description on the social media platform to “(CTO) Chief Troll Officer.” He followed up the change with a post containing a similar phrase without further explanation. The post attracted several engagements, including thousands of comments, likes, and reposts.
(CTO) Chief Troll Officer
— Elon Musk (@elonmusk) January 9, 2024
Musk’s post did not particularly mention any link with the TROLL crypto, nor was there any report linking him with the digital currency as of the time of filing this report. However, following his antecedents of witty remarks and sarcastic expressions, it appears that some crypto community members suspected Musk’s new bio to have links with TROLL.
Musk updated his location on X to Trollheim, leading many users to believe there is a connection between his latest activities and the TROLL cryptocurrency. The “lucky” trader identified by Lookonchain became a beneficiary of Musk’s antics, moving from a losing position on his investment to a place of significant profit over a short period.
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