BNB News Today: Hack-Born Meme Coin Surges 4,850X as Community Turns Phishing Crisis into $200M Frenzy

The "4" memecoin, born from a BNB Chain phishing incident, has surged to a $200 million market cap following Binance founder Changpeng Zhao's (CZ) endorsement. The token, created in response to a $4,000 theft from the BNB Chain X account, became a viral community-driven project as traders mocked the hacker by inflating its price. CZ's tweet highlighting the irony of the situation triggered a buying frenzy, with the token's price soaring 4850x within 48 hours. Wallet "0x872a" capitalized on the momentum, turning a $3,060 investment into $2 million, marking a 652x return. The token's rapid rise underscores the power of social media and institutional influence in shaping meme coin dynamics.

The "4" token's surge aligns with a broader "meme coin season" on the BNB Chain, where 70% of traders reported profits. Over 100,000 new users joined the ecosystem, and 40 wallets achieved million-dollar gains. CZ's tweets have historically amplified rallies in tokens like BROCCOLI and PUP, further fueling speculation. The BNB Chain now accounts for 11.4% of global meme trading activity, nearly matching Ethereum's 12%, as Solana's momentum wanes.

Key to the "4" token's success was its timing. The phishing incident and CZ's reaction created a narrative that resonated with traders seeking high-risk, high-reward opportunities. On-chain analytics firm Lookonchain noted that "smart money" wallets executed nearly $100,000 in trades within 24 hours, indicating institutional participation. Meanwhile, Bubblemaps data revealed a wallet securing $1.5 million in gains minutes before CZ's post, highlighting the speed at which meme coin opportunities materialize.

The "4" token's volatility reflects the inherent risks of meme coins. While its market cap peaked at $245 million, it later corrected to $136 million, illustrating the speculative nature of such assets. Analysts caution that meme coins often lack intrinsic value, with fortunes rising and falling rapidly based on sentiment rather than fundamentals. The token's association with a hack also raises ethical questions, as critics argue it rewards criminal activity indirectly.

CZ's role in the "4" token saga remains ambiguous. While he did not explicitly endorse the project, his acknowledgment of the community's "funniest comeback" lent credibility to the token. This blurring of lines between organic community action and institutional influence has become a hallmark of meme coin dynamics. BNB Chain's recent rally, with BNB hitting $1,300, further amplified the momentum, creating a feedback loop where rising prices and meme coin speculation reinforce each other.

The "4" token's trajectory highlights broader trends in the crypto market. Meme coins now account for 11.4% of BNB Chain activity, with new tokens like YEPE and PUP gaining traction. However, older memes like MUBARAK remain over 90% below their peaks, underscoring the fleeting nature of hype cycles. As BNB Chain competes with Ethereum and Solana for meme coin dominance, its ability to attract liquidity and institutional attention will be critical.

Source: [1] BNB Chain Meme Coin '4' Soars After Phishing Hack and CZ's X ... (https://www.coinlive.com/news/bnb-chain-meme-coin-4-soars-after-phishing-hack-and)

[2] CZ Post Sends 4 Token Soaring As Trader Turns $3K Into $2M (https://insidebitcoins.com/news/cz-post-sends-4-meme-coin-soaring-as-trader-turns-3k-into-2m)

[3] Binance Memecoin '4' Skyrockets as 70% of BNB Traders Score Profits - Here's Why It's Pumping (https://cryptorank.io/news/feed/310a5-binance-memecoin-4-skyrockets-as-70-of-bnb-traders-score-profits-heres-why-its-pumping)

[4] $4 Memecoin's Market Cap Soars to $200M After CZ's ... (https://www.edgarindex.com/2025/10/03/4-memecoins-market-cap-soars-to-200m-after-czs-endorsement-causes-controversy/)

[6] Binance Founder CZ Makes a Statement About the "Memecoin ... (https://en.bitcoinsistemi.com/binance-founder-cz-makes-a-statement-about-the-memecoin-season-which-altcoin-did-he-mean/)