During this National Day holiday, many people are on vacation, partying, and catching up on sleep, while the crypto market is quietly staging a "wealth creation myth." Just as everyone is raising their glasses in celebration and temporarily stepping away from the market, a meme coin called Binance Life has surged dramatically, skyrocketing 1800 times from an inconspicuous "small coin," with its market cap once exceeding $500 million. Many investors who took a break from monitoring the market may now be at home slapping their thighs in regret—"Taking a holiday, missing an opportunity for financial freedom."

Binance Life was born in early October, created by the meme coin issuance platform Four.Meme on the BNB chain. The term "Binance Life" originated from a joke made by Binance co-founder He Yi on social media, wishing netizens to "enjoy the Binance life," which was quickly packaged by the Four.Meme community into a meme coin issuance, leading to viral spread.

Thanks to Four.Meme's "foolproof coin issuance" mechanism, Binance Life was launched almost overnight. After its launch, the coin quickly exploded in trading communities, on-chain data platforms, and among KOL circles. It was subsequently included in Binance Alpha, gaining higher liquidity and exposure, further boosting market enthusiasm.

According to on-chain data platform GeckoTerminal, the market cap of Binance Life soared to $500 million on October 7, with the price peaking at $0.52. Even after a pullback, its market cap remains around $242 million, with a cumulative increase of nearly 3000% since its issuance.

While the market marvels at the wealth effect and FOMO, some netizens jokingly remarked that the "wealth creation process" on the BNB Chain resembles a continuous relay race: first buy in—rush to the front row—shout strategies from the front row—Zhao Changpeng and He Yi interact to cheer—run past Alpha—pass the baton to Aster—Binance contracts take over—finally rush into Binance spot.

The explosive popularity of Binance Life has also made the meme coin issuance platform a focal point for investors and creators. As a pioneer on the BNB chain, Four.Meme quickly attracted a large number of community users with its "no-code coin issuance" and binding curve mechanism, while Gate's Gate Fun, launched at the end of September, entered the market with lower costs and higher efficiency, becoming a new force.

From the data, Gate Fun relies on the Gate Layer public chain but supports a multi-chain ecosystem. Users only need to pay a minimal fee of 0.0000042 GT to complete token creation within a minute, achieving a full process of one-click launch, fundraising, and trading, greatly enhancing user experience and community interaction efficiency. In contrast, Four.Meme still primarily focuses on the BNB chain, suitable for community-driven projects.

The surge of Binance Life has created a series of astonishing profit cases. On-chain analysis firm Lookonchain revealed that several early investors achieved returns of hundreds to even thousands of times. These extreme profit cases have been widely circulated, further triggering FOMO (fear of missing out) in the market. According to statistics from BubbleMaps, over 100,000 traders are currently participating in the trading of new meme coins on the BNB chain, with about 70% in profit.

Profit distribution shows:

• 1 trader earned over $10 million
• 40 traders profited over $1 million
• 900 traders earned over $100,000
• 6,000 traders profited at least $10,000
• 21,000 traders made profits of $1,000 or more

With the explosive popularity of this token, Twitter (X) and Reddit have also seen a lot of foreign netizens humorously "learning Chinese": some are Googling "What does Binance Life mean," others are posting asking for help on "how to buy Binance Life," and some even share notes practicing writing Chinese characters, just to find the correct token address on-chain.

Netizens joked: "The ultimate educational force in the crypto world—financial freedom, forcing foreigners to learn Chinese."

The frenzy in the meme coin market showcases the astonishing power of community and topic effects, allowing many to experience the fantasy of "getting rich overnight." Cases like "Binance Life," which surged thousands of times in just a few days, may seem glamorous, but the hidden risks behind them cannot be ignored: extreme price volatility, unstable liquidity, and information asymmetry; every surge may be accompanied by a similarly rapid pullback.

OKX founder Xu Mingxing responded on social media to the recent market frenzy caused by tokens like "Binance Life." He stated that OKX's goal is to provide convenient financial services and does not participate in token speculation.

Although Xu Mingxing's and CZ's "feud" is well-known in the industry, this statement inevitably evokes a hint of personal grudges, but it also reveals a more important reality: the long-term development of the crypto market still relies on technological innovation, regulatory construction, and rational investors, rather than relying on short-term trends and community celebrations to drive up prices.

Behind short-term profits lies high volatility and potential risks. Once FOMO spreads, it can easily trap people in irrational operations. Whether it's the wealth show of community celebrations or the official statements from various platforms, it ultimately reminds us: in the crypto market, rational judgment and risk awareness are more important than chasing the next hot trend. It's fine to watch the excitement, but don't treat your wallet as a prop in the performance.

Related: The rotation of light issuance once again: from BNB hotspots to the differentiation of platform mechanisms

Original article: “Is Binance Life's Wealth Show a Miracle of Fortune or a Risky Trap?”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。