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"4" Meme Coin Skyrockets After CZ Tweet, Trader Nets $2 Million
Key Takeaways
- A cryptocurrency trader grew a $3,000 investment into $2 million within hours by buying the "4" meme coin early;
- The meme coin surged after Changpeng Zhao shared a post about it, which triggered mass interest;
- The “4” meme coin was created in response to a phishing scam, and the community used it as a joke against the attacker.
A cryptocurrency trader managed to turn an investment of $3,000 into around $2 million in a few hours.
This happened after Changpeng Zhao shared a post on X about a new meme token on the BNB Chain called "4", under the ticker $4.
The wallet behind the trade, known as "0x872", was among the first to buy the token, based on data from blockchain analytics platform Lookonchain.
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The trader used BNB
Much of the trader’s portfolio is currently tied to this one token, with over 98% of their crypto holdings in "4".
The "4" meme coin was created in response to a phishing incident that took place on the BNB Chain. According to Zhao's post on X, the attacker behind the scam reportedly made only $4,000 before being exposed.
Later, the community stepped in to drive the meme coin’s price higher as a way to mock the attacker.
Another wallet also purchased "4" just before Zhao’s message was published. According to Bubblemaps, the buyer saw the value of their purchase rise by over $1.5 million in a matter of hours.
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