$4,000 Hack Inspires Meme Coin That Sends Traders Into Frenzy
What began as a small phishing attack on the BNB Chain has spiralled into one of the most talked-about trading moments of the week.
The attacker, who managed to steal just $4,000, dumped all the tokens before the community stepped in.
Seizing on the irony, traders rallied behind a newly created memecoin called “4,” transforming what could have been a cautionary tale into a viral market spectacle.
Wallet ‘0x872’ Bags A 650-Fold Return
Blockchain analytics firm Lookonchain identified wallet “0x872” as one of the earliest buyers of the “4” token.
Their $3,000 investment in BNB was quickly flipped into nearly $2 million within hours.
Despite the staggering windfall, the wallet has cashed out only a small slice, with about $1.88 million in unrealised holdings still sitting in “4.”
CZ Zhao’s X Post Triggers Buying Spree
The frenzy gained traction after Binance cofounder Changpeng “CZ” Zhao shared the BNB Chain’s update on the phishing incident with his 8.9 million followers.
Zhao wrote on X,
“Interestingly, after the hacker dumped ALL his tokens for a $4k gain, the community took over and bought the memecoin higher, as a mock to the hacker.”
Within minutes of his post, another wallet that had bought in just beforehand was already sitting on over $1.5 million in gains, according to blockchain visualiser Bubblemaps.
Smart Money Traders Join The Hype
Data from Nansen revealed that “4” rapidly climbed to become the third-most-purchased token on the BNB Chain over a 24-hour span, with nearly $100,000 worth of trades executed by “smart money” wallets—accounts often linked to experienced and profitable traders.
The surge highlights how quickly social media buzz can lure even the most seasoned market participants into high-risk plays.
History Repeats With Meme Coin Millionaires
The sudden rise of “4” adds to a long list of stories where tiny crypto bets ballooned into fortunes.
Earlier this year, one trader turned $2,000 into $43 million by buying Pepe, only to see the paper profit collapse to $10 million before exiting.
Another wallet in 2024 reportedly grew a $27 punt into $52 million.
These examples serve as reminders of how fortunes in memecoins can inflate and deflate with breathtaking speed.
When Jokes Turn Into Million-Dollar Trades
Coinlive believes this episode raises a bigger question about how crypto markets are shaped less by fundamentals and more by online momentum.
A phishing attack that netted just $4,000 has somehow created millionaires within hours, all because of timing, humour, and a viral post.
It shows how markets can swing from absurdity to frenzy in seconds.
Perhaps the real takeaway is that in the world of memecoins, traders are not chasing technology or utility—they are chasing stories.
And sometimes, the punchline is worth millions.
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