A savvy cryptocurrency trader turned a modest $3,000 investment into a staggering $2 million in mere hours, riding the wave of a memecoin frenzy sparked by Binance co-founder Changpeng “CZ” Zhao’s post on X. The “4” token, born from a quirky BNB Chain phishing incident, has captured the crypto community’s attention, proving once again that memecoins can deliver life-changing returns for those bold enough to dive in early.
The Meteoric Rise of the “4” Token
The trader, identified by the wallet address “0x872,” was among the earliest buyers of the “4” ($4) token, according to blockchain analytics platform Lookonchain. With an initial investment of $3,000 in BNB, the trader achieved a jaw-dropping 650-fold return, amassing $2 million in value. Remarkably, they’ve held onto most of their position, with $1.88 million still in their portfolio, signaling confidence in the token’s potential despite its volatile origins. The token emerged after a phishing attack on the BNB Chain, where a hacker earned just $4,000—a sum the community turned into a meme, fueling the token’s rapid ascent.
CZ’s Post Ignites a Frenzy
The spark for this memecoin’s surge came from Changpeng Zhao, whose repost about the BNB Chain phishing incident to his 8.9 million X followers sent the “4” token into overdrive. Zhao highlighted how the community “bought the meme coin higher, as a mock to the hacker,” transforming a minor hack into a viral phenomenon. Another wallet, spotted by Bubblemaps, jumped in minutes before Zhao’s post and netted over $1.5 million in hours, showcasing the power of timely trades in the fast-moving crypto world.
Smart Money Joins the Party
The “4” token didn’t just attract retail traders—it caught the eye of the crypto elite. Nansen’s blockchain intelligence platform revealed that “smart money” traders, known for their high-return strategies, piled into the token, making it the third-most-bought asset on the BNB Chain in a 24-hour period. These traders snapped up nearly $100,000 worth of “4” tokens, underscoring the memecoin’s appeal among those who track market trends with precision.
Memecoins: A High-Risk, High-Reward Game
Memecoins, despite their lack of intrinsic utility, continue to create millionaires—and heartbreak. In March, a trader turned $2,000 into $43 million with the Pepe (PEPE) memecoin, only to see profits dwindle to $10 million after a 74% price drop. Another investor transformed $27 into $52 million in May 2024, per onchain data. These stories highlight the wild volatility of memecoins, where fortunes can be made or lost in days, driven by community hype and social media buzz.
What’s Next for the “4” Token?
The “4” token’s rise shows how quickly sentiment and influential voices like CZ’s can move markets. However, its future remains uncertain as memecoins are notoriously unpredictable. With the trader “0x872” still holding a massive stake and smart money circling, the token could see further action. Yet, as past memecoin rallies like Pepe demonstrate, timing is everything—early adopters reap rewards, but latecomers risk steep losses in this high-stakes crypto casino.