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Trader turns $2,480 into $12 million after holding Binance memecoin for 8 months

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A memecoin trader turned a $2,480 bet into more than $12 million, creating one of the sector’s rare breakout winners at a time when the broader memecoin market is collapsing.On-chain analyst Ember CN reported June 1 that the trader bought Binance Life, also known as BianRensheng, within half an hour of its deployment and launch in October. The wallet used 2.14 BNB, worth about $2,480 at the time, to acquire 18.5 million Binance Life tokens at an average price of roughly $0.00013.Binance Life MemecoinThe position has since grown into an eight-figure windfall after Binance Life surged 40% on June 1….

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