Trader Turns $3K into $2M After Binance Co-Founder’s Post
- A trader invested $3,000 in the new memecoin “4” ($4) and saw their investment grow to approximately $2 million, a return of about 650%.
- The trader, identified by wallet address “0x872,” still holds tokens worth $1.88 million after selling a small portion.
- The “4” token was launched following a phishing attack on the BNB Chain, where the hacker made only $4,000 before the community embraced it as a meme.
- Smart money traders on Nansen reported nearly $100,000 in purchases of the “4” token within a day after its launch.
- Interest surged after Binance co-founder Changpeng Zhao shared a post about the token to his followers on X, highlighting community engagement.
This event underscores how social media can significantly impact memecoins and trading behavior in the cryptocurrency market. The rapid rise in value showcases both speculative interest and community dynamics following notable incidents like phishing attacks.
The trader’s portfolio generated over $1.8 million in unrealized profit within a week, reflecting the volatile yet lucrative nature of investing in memecoins like “4.” (Source)
