Simply put
- Leland King Fawcette claims he missed out on over $36 million due to a misstep with trade in meme coins.
- He bought a Solana Token valued at $1,300 in August 2024 but quickly sold it when it didn’t increase in value.
- When he sold, the market cap of Troll was only $9,360, but now it has shot up to $158 million.
Traders faced significant losses from a $36 million transaction involving the Solana Meme Coin Troll last summer.
During the sale, the token had a market cap of just $9,360, but almost a year later, it skyrocketed to $158 million.
Fawcette, known for his ambitious travels across all 50 US states in record time for tokens, admits he lost out on millions. According to blockchain information, he spent about $1,300, only to sell it hours later at the same price.
Fawcette showed his connection with the sales wallets, noting the transfer of funds from the sale wallet.
“I initially gathered the Trolls on August 11, 2024, just wanting to distribute meme coins to various wallets. So, I sold it to a copy trader and forgot about the coin,” he revealed.
On that date, Troll had seen its market cap rise to $9,360, but then fell 52% to $4,480, possibly influenced by Fawcette’s actions.
For several months, the troll meme coins remained dormant, peaking at $24,000 before astonishingly increasing by over 174,948% in April 2025.
At that time, Carlos Ramirez, the artist behind the iconic smug face meme, known online as Saint Ho Wine, promoted a rival meme coin that peaked at a market cap of $14 million before crashing 99% in value by May. He eventually deleted his post, and it now stands at $142,630.
In the meantime, various troll coins were valued between $10 million and $27.65 million throughout May, June, and July, fostering dedicated communities. They then surged by 924.65% over ten days starting July 26, reaching a peak market cap of $166 million. Since then, it has settled around $158 million.
If Fawcette had held onto the tokens, he could have turned that $1,300 investment into more than $36 million, translating to an astronomical return. Surprisingly, though, he doesn’t seem particularly upset about it.
“It doesn’t really bother me. I mean, it’s just a meme coin among millions on a platform. Plus, there were no clear signs that it would skyrocket,” Fawcette commented.
The Troll coin was built using the well-known LaunchPad Pump.Fun, which has overseen over 12 million meme coins since January 2024.
Interestingly, while Fawcette was selling, Troll was relatively obscure. Now, it’s the platform’s 9th largest token and the 39th biggest meme coin globally.
