Cryptocurrency entrepreneurs have made millions of dollars in small memecoins caps in the BNB chain last week, which signed a modified wave of imaginary capital walking through the current market cycle.
Among the profitable investors are businessman “0xd0A2,” which has been an initial investment of $ 3,500 to $ 7.9 million, forming a 2,260-fold return in three days, According to To blockchain intelligence platform lookonchain.
The businessman “Hexiecs” has become a $ 360,000 investment in more than $ 5.5 million by investing in the recently launched “4” Memecoin, which went parabolic after an X post from Binance co-founder and former CEO, Changpeng Zhao.
Other speculators also jumped into the token, with the businessman “BRC20NIUBI,” which became a $ 730,000 investment in $ 5.4 million, printing 1,200-fold investment return, according to Lookonchain.
The activity followed a trade earlier on the week when the purse “0x872” Netted nearly $ 2 million in income Within a few hours after investing only $ 3,000 out of 4 tokens. The businessman achieved a 650-fold return after Zhao Reshared A post about the token with his 8.9 million followers of X on October 1.
The 4 tokens came from after a phishing attack on the BNB chain, where the hacker was reported to have made only $ 4,000 before the community became a meme.
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Merchants woke up to BNB’s potential chain
Blockchain’s growing business activity has drawn attention from industry observers, including Zhao, who Called The phenomenon “BNB Meme SZN,” something he said “he didn’t expect.”
One of the major drivers of the investor’s growing interest is recognizing the BNB chain potential for digital asset trading, according to Marwan Kaladri, Defi Lead and EMEA leader in the BNB chain.
“The BNB chain is always strong in the Defi, but now, it becomes a heartbeat of the onchain trade,” amid the records in active addresses and Decentralized exchange (Dex) Trade volumes, Kaladri told cointelegraph, adding:
“What you see in ‘BNB Meme SZN’ is the market that wakes up to the fact that the BNB chain has become the leading ecosy system for trading.”
New trends of cryptocurrency can get traction faster in the blockchain, as the “community is built around trading culture,” Kaladri said.
Related: ‘Diamond Hand’ investor turns $ 1k to $ 1m while BNB leads to $ 1,000
The most successful industry entrepreneur, monitored as “wise money“Traders on Nansen’s blockchain intelligence platform, are also leading BNB-native memecoins.
The three largest cryptocurrencies bought by smart currency entrepreneurs are all BNB tokens, According to In Nansen data, which shows the 24-hour flow of these tokens.
Leading to Tuesday, more than 100,000 Onchain businessmen bought the new BNB-native Memecoins, with almost 70% income in time, According to To blockchain the visualization platform bubblemaps.
Of the 100,000 merchants, one address made more than $ 10 million, 40 made over $ 1 million, while 900 merchants made more than $ 100,000 income.
Memecoins are some of the riskiest digital assets. Because they have no intrinsic value, these tokens rely solely on social sentiment to obtain traction.
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