This crypto trader turned $3.5k into $7.9 million in 3 days
A crypto trader identified as 0xd0a2 has netted some of the most staggering profits this year. On-chain data shows that they bought 19.8 million Binance Life (币安人生) tokens, worth about $3,500, when the project’s market cap was under $100,000. However, as the meme coin’s market valuation exploded to more than $420 million, the investment was suddenly worth $7.9 million (a 2,260x return). The tradersold 1.3 million tokens to recover the initial stake, but still holds 18.5 million as the largest Binance Life holder. BNB Chain meme token frenzy 币安人生 price action. Source: Lookonchain The frenzy comes amid a broader meme rally across the BNB Chain, as other cryptos have also posted mind-boggling gains. For instance, 4 (FOUR) is up 60% on the weekly chart at the time of writing. Further data suggests that over 100,000 on-chain traders have bought into new meme coins so far, with 70% of them in the green, of which dozens have posted $1 million ...