A cryptocurrency trader achieved a remarkable return of approximately 650× by converting a $3,000 BNB investment into nearly $2 million in just hours. The windfall followed a repost by Binance co-founder Changpeng “CZ” Zhao, who shared the BNB Chain’s official statement on a recent phishing incident alongside details of a newly minted “4” memecoin.
On-chain analytics from Lookonchain revealed that wallet address “0x872” was one of the earliest buyers of the “4” token. The trader’s initial $3,000 worth of BNB grew into a $1.997 million position at peak prices, marking an extraordinary short-term gain. Notably, the trader liquidated only a fraction of the holdings and still maintains an unrealized profit of approximately $1.88 million in the memecoin.
The “4” token emerged immediately after the hacker’s BNB Chain attack, which generated a mere $4,000 profit for the perpetrator. The community’s swift meme-driven response turned the event into a market phenomenon, spurring intense buying pressure. Lookonchain’s data shows the trader’s portfolio allocation is over 98% weighted in the memecoin, reflecting a high-conviction play based on social media momentum.
Blockchain intelligence platform Nansen identified that several “smart money” traders—profiles recognized for out-sized returns—also acquired the token, making “4” the third-most bought asset by smart wallets on BNB Chain over the past 24 hours. Nansen charts highlighted a surge of approximately $100,000 purchased by these sophisticated traders, indicating broad institutional curiosity in meme-driven opportunities.
CZ’s repost acted as a catalyst. His message noted, “Interestingly, after the hacker dumped ALL his tokens for a $4k gain, the community took over and bought the meme coin higher, as a mock to the hacker.” Minutes before CZ’s share, another wallet bought “4,” realizing gains of over $1.5 million within hours, according to Bubblemaps, further illustrating the rapid viral cycle of memecoin trading.
Despite lacking intrinsic utility, memecoins have historically generated headline-grabbing returns. In March, a trader reportedly turned $2,000 into $43 million on Pepe (PEPE), although unrealized profits later retraced as PEPE declined by 74%. Similarly, a $27 investment in May 2024 grew to $52 million on another memecoin, underscoring the high-risk, high-reward nature of these assets.
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