Blog

Crypto Trader turns $ 3k to $ 2m, Nets 650x in CZ Memecoin Post


A lucky cryptocurrency businessman has become a $ 3,000 investment at about $ 2 million in a few hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB chain Memecoin in X.

Blockchain data shows the trader, identified by the wallet address “0x872,” is one of the earliest consumers of the newly launched “4” ($ 4) token, According to To blockchain analytics platform lookonchain. The initial $ 3,000 worth of BNB of entrepreneur (Bnb) grew up to $ 2 million, marked approximately 650-fold investment return.

Despite the massive gains, the businessman sells only a small portion of their holders and holds $ 1.88 million worth of tokens.

The “4” token was created following a phishing attack on the BNB chain, where the hacker was reported to have made only $ 4,000 before the community became a meme.

Source: Lookonchain

The entrepreneur appears to be seeking to achieve the social buzz surrounding the memecoin, with their crypto portfolio holding more than 98% of their possession of 4.

Source: Coinstats.App

The trader portfolio has generated more than $ 1.8 million in unstoppable income last week, according to data from Coinstats.

The most successful merchant of the cryptocurrency of the industry, by returning, tracked as “wise money“Traders on Nansen’s Blockchain Intelligence Platform, also bought Memecoin.

The businessman flows for money, 24 hours. Source: Nansen

The “4” Memecoin is the third-bought token of smart currency entrepreneurs over the past 24 hours in the BNB chain, with entrepreneurs who get nearly $ 100,000 worth of tokens, data from Nansen Shut up.

Related: The Bitcoin ETFS Kickstart ‘Uptober’ with $ 3.2B in the second best week on Record

Despite their lack of intrinsic utility, Memecoins have previously made millionaires from crypto entrepreneurs.

In March, another businessman was reported Been a $ 2,000 investment In the amount of $ 43 million by buying frog-themed Pepe (Pepe) Memecoin. However, the businessman held by Pepe’s 74% denial from all times, seeing his uncertain $ 43 million revenue retreating to $ 10 million when he sold his position.

A separate investor Been $ 27 to $ 52 million In May 2024, according to Onchain data.

Related: The next Crypto play of Wall Street can be ready crypto companies, not Altcoins

CZ’s X Post sends “4” Memecoin Parabolic

Interest in the “4” token moved forward after Zhao responded to the BNB chain statement in the phishing incident of his 8.9 million followers of X.

“Notably, after the hacker discarded all of his tokens for a $ 4K gain, the community replaced and bought the meme coin higher, as a cycker in hacker,” Zhao wrote a Wednesday X Post.

Source: Changpeng Zhao

Another unknown purse was to buy memecoin minutes before Zhao’s X post. It only reached $ 1.5 million a few hours after the trade, according to a Wednesday X post by Blockchain visualization platform bubblemaps.

Source: Bubblemaps

Zhao’s post came shortly after the BNB chain officer The X account was temporarily hacked Wednesday, Cointelegraph reported.

The attacking used the opportunity to share PHishing Links and promote Memecoin on more than four million page followers

Magazine: The bitcoin to see ‘another big thrust’ up to $ 150k, eth pressure constitutes