An anonymous investor made an impressive trade on the Binance Smart Chain (BSC) network, increasing their deposit 2,260-fold. According to Lookonchain, the trader invested just $3,500 in a token called Binance Life (币安人生) early on, when its market cap was under $100,000. He acquired 19.8 million tokens and became a fortune within three days.
When the asset's value soared, the trader decided to sell a small portion—approximately 1.3 million tokens—keeping the remaining 18.5 million. This brought his profit to approximately $7.9 million, making him the largest holder of this memecoin.
He wasn't the only winner. Another user, known by the nickname LaserCat397.eth, also made a significant profit. He purchased 6.8 million Binance Life tokens for 3 BNB and later sold some of his holdings, earning 2.96 BNB while retaining approximately 6 million tokens. At the time of publication, their value is estimated at approximately $2.12 million.
LaserCat397.eth also participated in another project, GIGGLE. After investing 160 BNB (approximately $159,000 at the time), he sold some of his holdings for $55,000, keeping 7,030 GIGGLE tokens, worth approximately $922,600. The total profit from this investment was approximately $818,000.
However, not everyone was equally lucky. One trader sold 22.1 million Binance Life tokens for just $23,000—just an hour before their price skyrocketed. The value of these assets could have soon exceeded $10 million, but the missed opportunity proved costly.
The Binance Life case demonstrates the unpredictability of the memecoin market: in a matter of hours, you can either make a fortune or lose the chance to make one. Such stories are increasingly attracting the attention of both experienced and novice traders hoping to catch the next wave of hype.
Those who want to better understand how such assets function and the risks they pose should follow updates in the crypto community. Memecoins like Binance Life are becoming more than just entertainment, but a tool for rapid, albeit risky, enrichment.