Golden Finance reports that, according to GoPlus, the creator of the BSC-based MEME coin “Binance Life” only profited about $4,000 from the project, missing out on the massive gains when the token reached a peak market cap of $500 million. It is understood that after deploying the Binance Life token on October 4th, the creator, following their usual quick-flip strategy, sold all their holdings in two transactions within 20 seconds, netting approximately $4,000 in profit.
However, just a few hours later, the token suddenly surged, reaching a $500 million market cap with a daily trading volume of $410 million.
Encouraged by this surge, the creator went on to continuously create 359 tokens over the following period, averaging 51 tokens per day. Among these were 292 Chinese-language MEME coins similar to Binance Alipay and Binance Avenue, attempting to replicate the success of Binance Life. However, none of these tokens achieved significant returns.
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