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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.​

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"4" Meme Coin Skyrockets After CZ Tweet, Trader Nets $2 Million

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 BNB $1,211.18 to buy the token after its launch and saw its value increase by about 650 times. Even after the rise, most of the tokens have not been sold. Records show that the trader still holds nearly $1.88 million worth of the token.

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.

Recently, Melania Trump re-emerged to support her meme coin, MelaniaMeme (MELANIA). What did she say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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