Trader Turns $3K into $2M After CZ’s Memecoin Post
- A trader invested $3,000 in the newly launched “4” token, which surged to about $2 million.
- The investment yielded a return of approximately 650-fold, with the trader still holding $1.88 million worth of tokens.
- The “4” token was created following a phishing attack on the BNB Chain.
- Smart money traders purchased nearly $100,000 worth of the memecoin within the last day.
- Interest in the token spiked after Binance co-founder Changpeng Zhao shared a post about it to his followers.
The trading activity highlights how social media can significantly impact memecoin valuations, as seen with this trader’s massive gains shortly after Zhao’s endorsement.
This event underscores the volatility and speculative nature of memecoins, evidenced by one trader turning an initial investment of just $3,000 into approximately $2 million.(Source)
