Trader who earned 2.4 million dollars is at a loss in meme coin.

A famous trader who achieved significant gains in the past with APX investments has now turned to Binance Life (币安人生) token. However, on its first day, they faced a loss of 112 thousand dollars. According to Lookonchain data, the investor with the address 0x618b invested 1.7 million dollars to acquire 4.25 million Binance Life (币安人生) tokens.

Due to the fluctuations in the token's price, the investor has once again demonstrated the risks involved in the highly volatile meme coin market. Recent rapid price movements have also attracted investors' attention. An investor sold 22.1 million tokens for only 23 thousand dollars, while the value of the tokens surpassed 10 million dollars within hours.

The investor's situation became even more interesting. During the recent rise of meme coins, this trader also purchased 10,438 GIGGLE tokens, earning 962 thousand dollars in profit. At the same time, they had also purchased 1.91 million Binance Auto (币安汽车) tokens, but faced a loss of 33 thousand dollars there as well.

These developments continue to fuel the speculation surrounding the new favorite project in the cryptocurrency world, Binance Life (币安人生). This example, where even experienced and professional investors found themselves in a difficult situation in the high-risk meme coin market, shows that investors need to be cautious.

Especially, among the early investors, there are those who have become wealthy. For instance, an investor with the address 0xd0a2 turned a 3,500 dollar investment into 7.9 million dollars in just three days. Additionally, another buyer, @hexiecs, managed to reach 4.3 million dollars with an investment of 75 thousand dollars. This situation once again reminds investors to act carefully in the meme coin market.