A crypto trader achieved an amazing victory this year by turning $3,500 into $7. 9 million in only three days. They did this by trading Binance Life, a new meme coin on the BNB Chain.
Main Points:
- A trader took $3,500 and made it grow to $7. 9 million in just three days by trading on Binance Life, making him the biggest owner there.
- The value of the meme coin went up to over $190 million during a time when many people were excited about BNB meme coins.
- Experts say that quick profits can lead to sudden losses, leaving those who invest late at risk of losing a lot of money.
Data from Lookonchain shows that the trader bought 19. 8 million tokens for $3,500 when the token’s market value was below $100,000.
After selling 1. 3 million tokens to get back his investment, he still has 18. 5 million Binance Life tokens. This makes him the biggest owner of the tokens in the project.
A trader made $1. 6 million from a $6,000 investment in just 48 hours by trading a meme coin on Binance
Data shows that a wallet with the address 0x8844 purchased more than 10 million Binance Life tokens for less than $6,000. Within 48 hours, those tokens became worth $1. 6
Another trader changed a $120,000 investment into $1. 4 million, making over a 2,000% profit.
The coin’s market value jumped from a few million to more than $190 million in just a few days. This rise was mainly because regular traders wanted to benefit from a big price increase, like what happened with BNB.
The Binance Life rally is a part of a bigger trend of meme-related excitement happening on the BNB Chain. As BNB reached new highs this week, meme coins related to Binance and its popular founder have also increased in value.
CZ himself noticed the trend on X and posted, “BNB meme season. ” in reaction to the big price changes.
Tokens like 4, Paul (PALU), and Binance Life have had huge increases in value, with their trading volume reaching a total of $335 million in just one day, according to DEXScreener.
But experienced traders are warning others not to get too excited. Meme tokens can change in value quickly. People who buy them early can make a lot of money, but those who join later can lose a lot when there isn’t enough money in the market.
CEA Industries is now the biggest public holder of BNB and plans to own 1% of the total supply by 2025
CEA Industries has announced that it owns 480,000 BNB tokens, which are valued at around $624 million. This means it has the biggest known collection of BNB tokens among public companies.
The company listed on Nasdaq wants to buy 1% of the total amount of BNB by the end of 2025. This shows that they want to be the biggest holder of Binance’s own token.
The average price paid for each BNB is $860, and the total amount of money in cryptocurrency and cash is $663 million.
The milestone happened at the same time that BNB reached a new high of $1,236. 74This increased its total market value to over $170 billion, placing it just after XRP and Tether in rank.
CEA’s growth puts it in the same group as big companies like Strategy (Bitcoin) and Bitmine Immersion Technologies (Ethereum) on the list of major digital asset holders.
CEO David Namdar said that BNB’s rise in value shows it has long-term potential. He highlighted how important the token is for supporting a large ecosystem.
Under Namdar’s leadership, CEA has changed from making vape products to becoming a complete cryptocurrency company. This year, it has raised over $1. 25 billion to speed up its plan to buy more BNB.
