Binance Life whale turns $2,480 into $12.38M, deposits 3.5M tokens to Binance for profit-taking

Binance Life whale turns $2,480 into $12.38M, deposits 3.5M tokens to Binance for profit-taking

N
News Editor
2026-06-01 08:29:29
An address that bought 18.5M Binance Life tokens for $2,480 shortly after launch deposited 3.5M tokens ($2.38M) to Binance today, still holding $10M on-chain, achieving nearly 5,000x return.
Binance LifeWhaleProfit TakingBNBOn-chain AnalysisMeme Coin

Binance Life is a meme token deployed on BNB Chain that launched in October last year. According to on-chain analyst Yu Jin, an address purchased 18.5 million Binance Life tokens with 2.14 BNB (worth approximately $2,480 at the time) within just 30 minutes after the token's launch, at an average price of $0.00013 per token. Today, after Binance Life surged 40%, the address transferred 3.5 million tokens to Binance exchange about 30 minutes ago, worth $2.38 million. The address still holds 15 million tokens on-chain, valued at roughly $10 million at current prices. Combined with the tokens deposited to Binance, the total position value reaches $12.38 million, representing a return of nearly 5,000 times the initial $2,480 investment. The address has held the tokens for over seven months since accumulation, enduring price fluctuations before opting to take profits following the recent rally. The 3.5 million tokens transferred account for approximately 19% of the total holdings, indicating a disciplined profit-taking strategy. This whale transaction has become a notable case in the meme coin market, showcasing the enormous potential returns for early investors.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
200

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.