Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁
Key Takeaways
Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁
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.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
What is Basic Attention Token (BAT)? Brave Browser EASILY Explained
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.
Recently, Melania Trump re-emerged to support her meme coin, MelaniaMeme (MELANIA). What did she say? Read the full story.
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.