BNB News Today: From Phishing Attack to Meme Coin Bonanza: 650X in 24 Hours

A cryptocurrency trader generated a 650-fold return by investing $3,000 in the BNB Chain memecoin "4" ($4) following a social media post from Binance co-founder Changpeng "CZ" Zhao. Blockchain analytics show the trader, identified by wallet address 0x872, accumulated $1.88 million in unrealized gains within hours of Zhao's tweet, which highlighted a phishing incident that led to the token's creationCZ’s X Post Sends BNB Memecoin Soaring - financefeeds.com^[1]. The trader's portfolio remains heavily concentrated in "4," with over 98% of holdings in the tokenCrypto Trader Turns $3k Into $2M, Nets 650x On CZ Memecoin Post^[6].

The "4" memecoin emerged from a BNB Chain hack in which an attacker stole approximately $8,000 before dumping tokens for a $4,000 profit. The community subsequently adopted the token as a meme, driving its price up by 400% in 24 hoursBNB Chain Hacker’s Meme Coin “4” Surges 400% After …^[7]. Zhao's post, shared with his 8.9 million X followers, amplified the rally by framing the token as a humorous response to the hacker's meager gains. Minutes before the post, an unknown wallet acquired a large batch of "4," seeing its value rise to $1.5 million within hoursCZ’s X Post Sends BNB Memecoin Soaring - financefeeds.com^[1].

The surge attracted significant onchain activity. Smart money traders, as identified by Nansen, purchased nearly $100,000 worth of "4" in 24 hours, making it the third-most-bought token among top traders on the BNB ChainCZ’s X Post Sends BNB Memecoin Soaring - financefeeds.com^[1]. The token's market cap briefly surpassed $200 million, peaking at $0.1809 per token, before correcting to $0.1363, trimming its valuation to $136 million$4 Memecoin’s Market Cap Soars to $200M After CZ’s …^[3]. A second-largest holder, with 6.31% of the supply, reportedly turned a $68,700 investment into $11 million in unrealized gains$4 Memecoin Hits $200M Market Cap After CZ …^[4].

Analysts attribute the volatility to the speculative nature of memecoins, which rely on social media-driven narratives rather than fundamentals. The rally mirrors previous memecoin frenzies, such as the Pepe (PEPE) token, where a $2,000 investment generated $43 million in March 2025, though subsequent declines reduced gains to $10 millionCZ’s X Post Sends BNB Memecoin Soaring - financefeeds.com^[1]. The "4" token's rapid rise underscores how influencer endorsements and community sentiment can reshape market dynamics, even for assets with no intrinsic utility$4 Memecoin’s Market Cap Soars to $200M After CZ’s …^[3].

Despite the hype, skeptics question the sustainability of the token's value. Critics highlight its origins in a phishing attack and the lack of long-term development plans, raising concerns about market manipulation$4 Memecoin Hits $200M Market Cap After CZ …^[4]. Bloomberg analyst James Seyffart noted that memecoins thrive on storytelling, but their longevity depends on maintaining community engagement$4 Memecoin Explodes to $200M Market Cap – CZ’s Endorsement …^[5]. The token's correction to $136 million market cap illustrates the risks of speculative trading, where liquidity can vanish as quickly as it appearsCrypto Trader Turns $3K into $2M After CZ Post Sends Memecoin^[2].

The incident also highlights the broader role of social media in crypto markets. Zhao's cryptic message-"1111"-and Binance's indirect support fueled trading frenzy, while the hacked BNB Chain account amplified exposure$4 Memecoin Hits $200M Market Cap After CZ …^[4]. The event has sparked debates about the ethical implications of promoting tokens linked to exploits and the accountability of industry leaders in shaping market sentiment$4 Memecoin Explodes to $200M Market Cap – CZ’s Endorsement …^[5].