A Missed Opportunity of Epic Proportions

In a cautionary tale for crypto investors, Solana meme coin developer Leland King Fawcette forfeited a potential $36 million profit after selling his holdings in the TROLL token just hours after buying them. The transaction highlights the extreme volatility and unpredictable nature of the meme coin market.

Fawcette initially purchased $1,300 worth of the TROLL token in August 2024. However, he sold his entire position later the same day for the original purchase price, walking away with no profit. At the time of the sale, the token’s market capitalization was a mere $9,360.

From Dormancy to Explosive Growth

After Fawcette’s sale, the TROLL token remained dormant for eight months before experiencing a staggering surge in value. In April 2025, the token’s price exploded, climbing by an incredible 174,948%. This rapid growth pushed its market cap to its current valuation of $158 million.

According to Fawcette, he originally created the token as an experiment to see if influencers would promote an unknown meme coin. That experiment has since evolved into a major market player, with TROLL now ranking as the ninth-largest token on the Pump.fun platform and the 39th-largest meme coin globally. Had he held his initial investment, Fawcette would have seen a return of 2,769,131%.