An anonymous trader increased their deposit by 2260 times in three days by investing in the Binance Life meme coin on the Binance Smart Chain platform. Initially, they invested $3500 when the token’s market capitalization was less than $100,000, acquiring 19.8 million tokens.
This is reported by Finway
Record Profit from Rapid Token Growth
Three days after purchasing the tokens, the asset’s value surged dramatically. The trader sold 1.3 million tokens to recoup their investment, while leaving the remaining 18.5 million in their portfolio. Ultimately, their profit reached approximately $7.9 million, making them the largest holder of Binance Life.
“The trader turned $3500 into $7.9 million in just three days.”
Success of Other Investors and Missed Opportunities
Another investor under the pseudonym LaserCat397.eth also achieved significant profits thanks to Binance Life. They purchased 6.8 million tokens for 3 BNB, later selling part of it for 2.96 BNB and keeping 6 million, which is currently valued at $2.12 million.
LaserCat397.eth also invested in the GIGGLE meme coin: investing 160 BNB (approximately $159,000 at the time of purchase), they sold part of the coins for $55,000, while the remaining 7030 GIGGLE is now worth about $922,600. Their total profit from this investment amounted to approximately $818,000.
However, not everyone was able to take advantage of the meme coin’s rapid growth. One user sold 22.1 million Binance Life for $23,000, doing so just an hour before the price skyrocketed. Subsequently, that amount of tokens was valued at over $10 million.