Following a significant one-day price surge, investors are observing whether TROLL's broad onchain participation can help it overcome a pattern of steep longer-term declines.

A dramatic short-term price surge

The price of TROLL jumped

↗18%

over the last 24 hours, making it the top performer among tracked Memecoin assets. Trading volume also increased by

↗21%

during the same period, a sharp contrast to the broader market's

↘19%

decline in volume.

Daily gain contrasts with longer-term declines

This recent rally comes after a period of significant underperformance. The token remains down

↘31%

for the week and

↘56%

over the past month.

Onchain data shows broad participation

Onchain data reveals healthy activity behind the recent price move, with an average of 420 new traders joining daily. Activity is distributed across many retail and mid-tier wallets, and data shows a balanced ratio of buyers to sellers.