Trader Nets 2,260x Return in Three Days Trading Binance Life Tokens, Turns $3.5K into $7.9M
A crypto dealer has pulled off one of many yr’s most jaw-dropping wins, turning $3,500 into $7.9 million in simply three days by buying and selling Binance Life (币安人生), a newly launched meme coin on BNB Chain.
Key Takeaways:
- A dealer turned $3,500 into $7.9 million in three days buying and selling Binance Life, changing into its largest holder.
- The meme coin’s market cap surged previous $190 million amid a broader “BNB meme season” fueled by retail frenzy.
- Analysts warn that such speedy positive aspects usually finish in sharp reversals, leaving late traders uncovered to heavy losses.
According to data from Lookonchain, the dealer entered early when the token’s market cap was underneath $100,000, shopping for 19.8 million tokens for $3.500.
After promoting simply 1.3 million to get better his principal, he nonetheless holds 18.5 million Binance Life tokens, making him the challenge’s largest holder.
Trader Turns $6K Into $1.6M in 48 Hours on Binance Life Meme Coin
According to on-chain information, one other pockets handle 0x8844 purchased over 10 million Binance Life tokens for lower than $6,000 and noticed their worth soar to $1.6 million in underneath 48 hours.
Another dealer turned a $120,000 place into $1.4 million, a return exceeding 2,000%.
The coin’s market capitalization skyrocketed from a number of million to over $190 million inside days, fueled by retail merchants hoping to catch the following “BNB moonshot.”
The Binance Life rally is a part of a wider meme frenzy overtaking the BNB Chain. As BNB hit contemporary highs this week, meme cash tied to Binance’s model and its charismatic founder have surged in tandem.
CZ himself acknowledged the development on X, posting “BNB meme szn!” in response to the explosive value motion.
Tokens like 4, Paul (PALU), and Binance Life have seen triple- and quadruple-digit positive aspects, with a mixed $335 million in buying and selling quantity recorded in 24 hours, in accordance with DEXScreener.
However, market veterans are cautioning merchants to not get swept up in the euphoria. Meme tokens usually transfer violently, with early contributors seeing huge earnings whereas latecomers face brutal losses as soon as liquidity fades.
CEA Industries Becomes Largest Public BNB Holder, Aims for 1% Supply by 2025
As reported, CEA Industries has disclosed that it now holds 480,000 BNB tokens value roughly $624 million, making it the biggest publicly reported BNB treasury thus far.
The Nasdaq-listed agency plans to accumulate 1% of BNB’s complete provide by the tip of 2025, signaling its intent to turn out to be the main institutional holder of Binance’s native token.
Its common buy value stands at $860 per BNB, with complete crypto and money reserves reaching $663 million.
The milestone coincides with BNB’s record-breaking surge to $1,236.74, pushing its market cap past $170 billion and rating it simply behind XRP and Tether.
CEA’s accumulation locations it alongside company giants like Strategy (Bitcoin) and Bitmine Immersion Technologies (Ethereum) in the rising checklist of main digital asset treasuries.
CEO David Namdar referred to as BNB’s rally a validation of its long-term potential, emphasizing the token’s position in powering an expansive ecosystem.
Under Namdar’s management, CEA has rebranded from a vape producer into a full-fledged crypto treasury agency, elevating greater than $1.25 billion in funding this yr to speed up its BNB accumulation technique.
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BNB (@cz_binance)