A mysterious trader just pulled off one of the biggest meme coin wins in recent months. With only $22.8K, they managed to grow their holdings to a jaw-dropping $2.48 million — all by investing in a Solana-based token TROLL. This stunning 109x return has caught the attention.
But how exactly did this happen?
3.5 Months, 109x Returns
According to on-chain data shared by Lookonchain, a smart trader purchased 27.86 million TROLL tokens three and a half months ago by investing $22,800. At the time, TROLL was flying under the radar with low attention.
Since then, the token has seen a massive price surge, and this trader’s patience has clearly paid off.
From $22.8K to $2.48M in just 3.5 months — a 109x return!
This trader spent $22.8K to buy 27.86M $TROLL 3 months ago, sold 1.28M for $16.2K and still holds 26.57M $TROLL($2.48M).
Out of that original bag, the trader has only sold 1.28 million tokens, earning $16,200. But here’s where it gets crazy, he still holds 26.57 million TROLL tokens, now worth around $2.48 million.
That’s a staggering 109x return on the original investmen
TROLL’s Price Surge Sparks Buzz
Looking at the chart, TROLL saw a massive price jump in late July into August, rising from below $0.02 to over $0.10 before settling around $0.093 at the time of writing. This sudden breakout drew fresh eyes to the token and triggered heavy buying volume.
In just a few weeks, TROLL went from being a little-known token to one of the top-performing coins on PumpSwap, a Solana-based DEX.
Worldcoin is redefining how digital identity is developed by centering on the human iris as its primary biometric. However, in doing so, Sam Altman’s company, which now goes by simply as World, has drawn scrutiny from individuals and governments alike.
According to Shady El Damaty, CEO of Holonym and expert in zero-knowledge cryptography, the World Network’s centralized infrastructure makes it particularly vulnerable to data leaks and exploitation. Given the project’s global reach, the consequences of such breaches can prove catastrophic.
A Universal Digital Identity
With artificial intelligence continually blurring the lines between humanity and technology, Altman’s most recent project has taken the concept to the next level.
World, an initiative the OpenAI CEO launched in July 2023, has a bold objective: to scan every eye on Earth and forge a universal digital identity for humanity.
At its heart lies the World ID, a privacy-preserving digital identity generated through a unique biometric scan of a user’s iris, referred to as “the Orb.”
“Worldcoin is the very first example of a company… that has the explicit mission of documenting every single person in the world with a cryptographically immutable link between a cryptographic hash of your eye and… your biometrics,” El Damaty told BeInCrypto.
In exchange for this biometric verification, users receive WLD tokens, World’s native cryptocurrency. These tokens serve as both an incentive and a fundamental component of participating in this global network.
The initiative is undoubtedly innovative. However, it’s also tremendously risky.
Why the Iris? Unpacking World Network’s Biometric Choice
Unsurprisingly, World’s launch has been received with skepticism.
While users have generally grown comfortable with biometric authentication, such as fingerprints for passport scans or Face ID to unlock smartphones, the prospect of having one’s eyeballs scanned to create a digital identity has elevated the feeling of living in a simulated reality.
“[World] settled on… the iris, which has enough entropy within it that it’s really difficult to brute force. They could have gone with fingerprints, but they didn’t because these can be very easily modified; they can be burnt off, or you could use different fingerprints. Whereas for eyes, they are very difficult to change,” El Damaty explained.
The reason behind World’s decision to use such a specific biometric is in line with its stated purpose.
As artificial intelligence continues to develop at a rapid pace, this initiative is a way to provide a trust layer for the world post-AI.
Orbs are available in 46 countries. Find one near you, and join the real human network today. pic.twitter.com/5K4aSbvDwT
This mission is often framed as creating “proof of personhood” in an era when distinguishing real humans from AI bots will become increasingly complicated.
“In the future, it might be really difficult to know who you’re interacting with, maybe both in the digital world as well as the physical world as robotics and automation continues to improve,” El Damaty added, noting, “With OpenAI, I think they really quickly realized that the most valuable commodity in the world isn’t going to be a currency or some hard asset, but it’s going to be authenticity.”
Though the cause may seem noble enough, the way World Network has decided to go about it has drawn scrutiny. Part of it stems from a fundamental disagreement on what digital identity should entail, leading to a philosophical divide.
Monolithic vs. Pluralistic Identity Systems
Worldcoin’s “one iris scan belongs to one identity” system embodies a monolithic identity. Experts often criticize such an approach for heightened security risks.
In a recent blog post, Ethereum co-founder Vitalik Buterin warned that such a singular, universally linked identity risks online privacy and individual freedom. He expressed concern that even with advanced privacy tools, a one-identity-per-person property brings several security risks.
“That’s the real risk. If someone takes a picture of your eyes, can they use all publicly available information, or maybe even dark web information, to identify who you are and what you’ve done on-chain,” El Damaty told BeInCrypto.
This approach also contrasts with the cypherpunk ethos that birthed Bitcoin, which emphasizes anonymity. Critics argue that World represents a significant philosophical shift away from this privacy-first tradition by permanently labeling individuals.
A specific point of concern for Buterin and others is World’s nullifier. This cryptographic mechanism ensures that each person signs up only once. However, its very function also presents a significant vulnerability.
“As soon as your nullifier is given up… all of the accounts that you have linked to that nullifier are also given up… it could be the foundation of a really massive data leak,” El Damaty warned.
In response to these risks, El Damaty advocates for pluralistic identity systems with multiple online identities for different purposes. This protects sensitive real-world information from being inextricably linked to a single, globally unique ID.
“Those iris codes shouldn’t be linked to the same amount of information that can be used to access your voting record or your social security benefits or other really critical information that, if ever given up, would undermine your status as a person in the real world,” he added.
This tension also forms the backdrop for World’s direct conflict with national governments.
Could Worldcoin Data Become a Government Honeypot?
World Network’s global scope directly challenges national sovereignty, especially a state’s right to define its citizens’ identity. This raises a critical question: What if foreign governments demand access to their citizens’ biometric data collected by this company?
Tools for Humanity, World’s parent company, might use its distributed infrastructure as a defense, claiming data resides in various nations. However, El Damaty believes this defense is precarious.
“[World] also ha[s] infrastructure in the United States that’s going to be beholden to the US government’s authority. The US can come in and say, ‘hey, we’re going to pull the plug and put your executives in jail if you don’t hand over all of the logs that are coming from this central server that’s responsible for coordinating the entire network.’”
This vulnerability transforms World’s vast biometric database into a potential honeypot for governments. El Damaty pointed to precedents like the 2018 CLOUD Act, which allows US law enforcement to compel US-based tech companies to provide data, even if stored overseas.
Many nations have not waited for such hypothetical scenarios to play out, leading to immediate and forceful regulatory action.
Countries like Spain, Portugal, Kenya, and Indonesia have either imposed bans or initiated investigations into World’s operations, citing concerns over data handling, transparency, and age verification.
El Damaty highlighted a crucial transparency issue. As a private company, World’s financial and operational details aren’t fully open for public scrutiny. This, he suggested, enables them to strategically control how they present their activities to the world.
This opaqueness contributes to existing global skepticism.
“I don’t think governments are going to suddenly turn overnight and say, ‘okay, well, we’re going to let this American company [from] Silicon Valley run by one of the world’s most powerful people to track all of our citizens and give them their crypto tokens,’” El Damaty said.
Without detailed clarity, many nations remain wary of entrusting such fundamental identity information to a private entity perceived to be operating outside established legal and ethical norms.
Ethereum price is showing early signs of a breakout after Arizona’s SB 1373 bill catalyzed $91 million in institutional ETH withdrawals.
Ethereum Consolidates at $1,600, but On-Chain Metrics Signal a Major Breakout
Ethereum (ETH) is consolidating near $1,600, setting the stage for a potential 80% rally as Arizona advances toward launching a state-backed digital asset reserve. Senate Bill 1373—dubbed the Strategic Digital Assets Reserve Bill—cleared a key House committee this week, marking a major milestone in U.S. crypto policy.
If enacted, SB 1373 would authorize the Arizona State Treasurer to hold and manage a diversified portfolio of digital assets, including Bitcoin, Ethereum, stablecoins, and NFTs.
The bill integrates crypto seized by law enforcement and allows the state to invest up to 10% of its annual budget in digital assets—potentially unlocking hundreds of millions in capital inflows.
Ethereum price action today, April 19, 2025 | Source: Coingecko
ETH price has finally breached the $16,15 resistnance at press time on Saturday, April 19, having remained below $1,600 for the better part of the week. The momentum from this Arizona state’s legislative vote has sparked speculation of a broader crypto market breakout—similar to the 80% rally observed after Bitcoin first broke above $50,000 following the approval of spot ETFs in January 2024.
$91M in ETH Withdrawals Confirm Institutional Accumulation
According to on-chain data from CryptoQuant, Ethereum exchange balances fell more than 3% this week. Between April 17 and April 19, ETH holders withdrew approximately 57,000 ETH—valued at over $91 million at current prices—shortly after Arizona’s legislature advanced the Digital Assets Reserve Bill.
Ethereum Exchange Reserve Deposits | CryptoQuant
This significant outflow suggests strategic investors are accumulating ETH in anticipation of a macro shift. Historically, when large volumes of Ethereum are moved off exchanges during a price consolidation phase, it’s interpreted as a bottom-formation signal or bullish reversal setup.
Arizona Bill Signals Legitimacy Boost for Bitcoin, Ethereum and NFTs
The implications of SB 1373 go far beyond Arizona’s borders. It’s the first serious legislative effort to institutionalize crypto within state-level finance, creating a precedent other U.S. states could follow.
The bill’s broad definition of digital assets—including Bitcoin, Ethereum, stablecoins, and NFTs—demonstrates intent to build a modern, diversified state treasury, managed securely through institutional-grade custody solutions.
If Governor Katie Hobbs signs it into law, the move could act as a legitimizing catalyst, prompting institutional allocators to reevaluate ETH’s position in long-term investment portfolios.
Ethereum is trading at $1,619, showing early signs of upward momentum following recent policy optimism from Arizona’s pro-crypto legislation. Ethereum price forecast today leans bullish as technical indicators align with strong accumulation signals, positioning ETH for a breakout toward the $1,750–$1,800 resistance zone.
The Bollinger Bands are compressing, with price action hovering near the midline at $1,657, suggesting volatility expansion is imminent. As ETH price floats near the 20-day moving average, Ethereum is attempting a reversal from oversold conditions.
Ethereum price forecast today
The Volume Delta indicator confirms net positive inflows over the last 48 hours, with green volume bars outpacing red, supporting a bullish divergence. If ETH closes above the $1,657 mid-band resistance, the next target is the upper Bollinger Band at $1,896. A daily close above $1,700 would invalidate the recent downtrend.
However, a failure to hold $1,585 support risks dragging ETH down to the lower Bollinger Band at $1,418. Still, Ethereum’s tightening volatility band and improving volume structure indicate that the path of least resistance is currently skewed to the upside.
With Bitcoin making it past $110,000 over the last 24 hours, the whole crypto market witnessed a surge. Meme coins managed to make the most of this with their market cap rising by 5.7% to stand at $66.62 billion.
BeInCrypto has analyzed three meme coins for investors to watch as they managed to emerge as chart toppers.
MOG has emerged as the top-performing meme coin, posting a 27% rise in the last 24 hours. Currently trading at $0.000001095, the coin is nearing a critical resistance level of $0.000001121. A successful breach of this barrier could lead to further price gains for the altcoin.
The exponential moving averages (EMAs) are converging, indicating a potential Golden Cross in the coming days. If bullish momentum persists, this crossover could push MOG’s price to $0.000001205 or higher. The combination of the EMAs and increased buying pressure suggests a possible continuation of the positive trend for MOG.
However, if MOG fails to breach the $0.000001121 resistance or if selling pressure increases, the meme coin’s price could decline. A drop to the support level of $0.000000966 would invalidate the current bullish outlook. This would signal that MOG’s price could struggle to maintain upward momentum in the near term.
NEIRO price has surged 18% in the last 24 hours, currently trading at $0.000494. The altcoin is approaching a key resistance level at $0.000512, and a breakout above this barrier could lead to further price gains.
The Ichimoku Cloud indicator below the candlesticks suggests that a breach of $0.000512 could propel NEIRO to $0.000548. This potential rise would extend profits for NEIRO holders, reinforcing the bullish outlook. If the momentum continues, the meme coin could reach new levels in a relatively short time.
However, if NEIRO fails to secure its recent gains or faces increased selling, the price could slip to $0.000417. Such a decline would invalidate the bullish thesis, signaling a reversal in sentiment and further downward movement. The support level at $0.000417 is crucial for maintaining upward potential.
HOUSE has emerged as one of the best-performing meme coins of the day, surging by 22% in the last 24 hours. Currently trading at $0.038, the altcoin’s strong price movement indicates growing interest. If the current momentum continues, HOUSE could break through key resistance levels and further rise.
The Relative Strength Index (RSI) shows that bullish momentum is strengthening for HOUSE, with the indicator nearing a breach of the neutral mark of 50.0. This move would confirm continued upward momentum, potentially pushing HOUSE past $0.042 and towards $0.053, offering significant profits to its 22,450 holders.
However, if broader market cues turn bearish, HOUSE could follow the negative trend and slip to $0.031. Such a decline would invalidate the current bullish thesis, signaling a potential price correction. The market’s overall sentiment will play a key role in determining the coin’s future price movement.
