On Binance Smart Chain, the Binance Life meme token creator sold all holdings within seconds, preceding an extraordinary market cap spike later that day.
GoPlus reported that on October 4, the developer of the Binance Life meme token on Binance Smart Chain sold all their holdings just 20 seconds after launch, gaining approximately $4,000. Later that day, the token’s market capitalization surged to $500 million with $410 million in daily trading volume. The developer subsequently created 359 similar tokens, none of which achieved comparable success.