Investor Nets $148K from Meme Penguins Token Trade on Binance Alpha

A trader converted $46.3K in BNB into $148K USDT in just 30 minutes during Binance Alpha’s launch of the '恶俗企鹅' token.

USDT
BNB

Summary

A cryptocurrency trader spent 53.8 BNB, valued at $46,300, to buy 28.2 million '恶俗企鹅' tokens during their launch on Binance Alpha. Within 30 minutes, they sold 27.2 million tokens for 148,000 USDT, while retaining 1 million tokens worth about $7,500. The trade generated a profit exceeding $100,000, highlighting the high-yield potential of rapid token launches.

Terms & Concepts
  • BNB: The native cryptocurrency of Binance Chain, used for trading fees and transactions within the Binance ecosystem.
  • USDT: Tether, a stablecoin pegged to the U.S. dollar, widely used for cryptocurrency trading.
  • Binance Alpha: A launch phase on Binance for newly listed tokens, providing early access to trading.