Trader Converts $3K into $2M with Meme Coin
- Trader’s $3K investment into meme coin $4 yields $2M.
- Binance’s CEO’s post on X sparked the coin rally.
- $4 token becomes third-most-bought asset on BNB Chain.
A trader leveraged a $3,000 stake to amass nearly $2 million through an early investment in the ‘$4’ meme coin on the BNB Chain.
The event highlights the rapid impact of social media influencers on crypto markets, evidenced by record transactions and increased token purchasing initiated after a tweet by Binance’s founder.
A trader has turned a $3,000 investment into approximately $2 million through early investment in the meme coin “$4”. The event followed a viral post by Binance founder Changpeng Zhao, leading to extensive attention within the crypto community.
The wallet, identified as 0x872a, acquired 16.86 million $4 tokens. The purchase on PancakeSwap was valued at roughly $3,060 in BNB. This investment was influenced by Changpeng Zhao’s posts on social media platforms.
The “$4” token witnessed over 79,000 transactions with a 24-hour volume exceeding $155 million. This surge in activity propelled $4 to become the third-most-bought asset on the BNB Chain, driven by social media excitement from CZ’s endorsement.
Financial implications include a 650x return on investment for the trader. Additionally, on-chain data reflects intense trading activity, indicating elevated interest from retail investors and “smart money” participants.
The wider impact was concentrated on “$4” and BNB Chain, with no immediate effect on BTC or ETH. The event highlights the unpredictable dynamics of meme coin popularity within the BNB ecosystem.
This case exemplifies the influence of social media in crypto investment trends. Historical precedents like Dogecoin and Shiba Inu show similar patterns of intense but short-lived market interest, driven by viral social amplification and “smart money.” Changpeng Zhao, Founder, Binance: “A trader just turned $3,000 into nearly $2 million with the new ‘$4’ memecoin, after Binance founder #CZ posted about it on X — sparking a massive community rally.” (Cointelegraph)
