Trader turns $2,480 into $12 million after holding Binance memecoin for 8 months

CryptoSlate Editorial

(02:05 PM UTC)

1 min read

A memecoin trader turned a $2,480 bet into more than $12 million, creating one of the sector’s rare breakout winners at a time when the broader memecoin market is collapsing.

On-chain analyst Ember CN reported June 1 that the trader bought Binance Life, also known as BianRensheng, within half an hour of its deployment and launch in October. The wallet used 2.14 BNB, worth about $2,480 at the time…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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