An on-chain address, 0x2fcfd3aa…224fa, has incurred a loss of approximately $1.372 million after investing heavily in Chinese meme tokens within a day. The address, which had been inactive for about five months, invested around $4.493 million in tokens such as "Binance Life," "Customer Service Xiao He," "PUP," and "Hakimi." The largest portion, approximately $3.31 million, was allocated to "Binance Life." As of the latest update, all investments were at a loss, with no sales recorded.