GoPlus: The creator of the meme coin "Binance Life" only made a profit of $4,000

2025-11-06 09:21:33

Abstract generation in progress

Deep Tide TechFlow News reports that on November 6th, GoPlus revealed that 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 “liquidation” strategy, quickly sold all holdings in two transactions within 20 seconds, earning approximately $4,000. However, just a few hours later, the token suddenly surged, reaching a $500 million market cap with a daily trading volume of up to $410 million.

Encouraged by this, the creator subsequently launched 359 additional tokens over the following period, averaging 51 per day. Among these were 292 Chinese meme coins like “Binance Alipay” and “Binance Avenue,” attempting to replicate the success of “Binance Life,” but none achieved significant profits.

MEME5,38%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.