Trader Transforms $3,000 Investment Into $2 Million After Binance Co-Founder’s Post Fuels Memecoin Surge
A cryptocurrency trader saw their $3,000 investment balloon to approximately $2 million after a social media post from Binance's Changpeng Zhao sparked enthusiasm for a newly launched memecoin.
A fortunate crypto trader managed to turn a $3,000 investment into nearly $2 million in a matter of hours after a social media update from Binance’s Changpeng Zhao on X (formerly Twitter) regarding a memecoin associated with the BNB Chain.
According to blockchain analytics platform Lookonchain, the random trader, recognized by the wallet address “0x872,” was among the first to buy the newly introduced “4” ($4) memecoin. The initial investment of $3,000 worth of BNB saw remarkable growth to about $2 million, yielding an investment return of approximately 650 times.
Despite this significant profit, the trader opted to sell only a fraction of their tokens, retaining assets valued at $1.88 million.
The “4” token emerged following a phishing incident on the BNB Chain, where the attacker reportedly gained just $4,000 prior to the cryptocurrency community humorously capitalizing on the event.
Source: Lookonchain
In an effort to leverage the heightened interest around the memecoin, the trader has invested over 98% of their portfolio in “4.”
Source: CoinStats.app
Recent data from CoinStats indicated that the trader’s portfolio yielded more than $1.8 million in unrealized gains just within a week.
According to reports, traders identified as “smart money” in the cryptocurrency sector on the blockchain intelligence platform Nansen have also shown interest in this memecoin.
Smart money trader flows, 24 hours. Source: Nansen
Data reveals that the “4” memecoin ranked as the third most purchased token by influential traders over the last day on the BNB Chain, with purchases amounting to nearly $100,000.
In March, another trader reportedly turned a $2,000 investment into as much as $43 million through a memecoin called Pepe, though the volatility saw their unrealized profit decrease to $10 million upon selling.
Interest in the “4” token soared following Zhao’s repost of the BNB Chain’s statement regarding the phishing incident, shared with his 8.9 million followers on X.
In a Wednesday post, Zhao wrote, “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 Zhao’s post, an unidentified wallet bought tokens of the memecoin, reportedly generating over $1.5 million just hours afterward, based on information from blockchain visualization platform Bubblemaps.
Zhao’s message followed a reported temporary hack of the official BNB Chain X account, where the hacker had used the incidence to circulate phishing links and promote the tokens to over four million followers.
