💥 Trader Loses $1.37M Betting on Chinese Meme Coins
Source: BlockBeats | Loss: $1.372M
▪ On-chain analyst Ai Yi (@ai_9684xtpa) reports a trader faced $1.37M in paper losses within 24 hours.
▪ After 5 months of dormancy, the wallet suddenly entered “buying mode”, spending $4.49M on four Chinese meme coins:
▪ Binance Life (BLIFE)
▪ Customer Service Xiaohe
▪ PUP
▪ Hakimi
▪ The largest exposure was $3.31M in Binance Life, now sitting at an unrealized loss.
▪ None of the positions have been sold yet.
💭 High-risk meme coin bets can swing fast — trade size and timing matter most.