Executive Summary
A cryptocurrency trader, identified by the wallet address '0x872', generated an approximate 650-fold return, transforming an initial $3,000 investment in the '4' memecoin into approximately $2 million. This significant market event transpired following engagement from Binance co-founder Changpeng 'CZ' Zhao on social media platform X, drawing considerable attention to the nascent token. The '4' memecoin originated from a community-driven response to a BNB Chain phishing attack, where initial hacker activity was reappropriated into a decentralized asset.
The Event in Detail
The '4' memecoin surfaced in the wake of an October 2025 security breach on the official BNB Chain X account, during which phishing links were disseminated, resulting in estimated losses of $8,000. During this incident, the attackers initially launched the '4' memecoin, selling their holdings for approximately $4,000 and subsequently manipulating the market for an additional $22,000 before abandoning the project. The crypto community, in a collective act, consolidated the token's liquidity, effectively removing it from the attackers' control and transitioning it into a community-led asset.
The trader '0x872' acquired 16.86 million '4' tokens for 3 BNB, equivalent to approximately $3,060. Following this acquisition, Changpeng 'CZ' Zhao reposted the BNB Chain's statement regarding the phishing incident to his 8.9 million followers on X. This post, alongside subsequent cryptic messages from CZ, was interpreted by the community as tacit support for the memecoin, catalyzing a rapid surge in its valuation. The trader subsequently sold 5.12 million tokens for 110 BNB, valued at $118,700, while retaining 11.75 million tokens with an unrealized value of $1.88 million. Data from CoinStats indicated the trader's portfolio generated over $1.8 million in unrealized profit within a week, with over 98% of assets held in '4'. The memecoin's price surged over 500% within 24 hours of CZ's engagement, reaching a peak of $0.22 and pushing its market capitalization beyond $200 million before correcting to approximately $0.1363 and a $136 million market cap. Trading volume for '4' recorded $155 million on PancakeSwap within a 24-hour period, encompassing over 79,000 transactions.
Market Implications
This event underscores the significant influence of social media engagement from prominent figures on memecoin valuations and broader crypto market sentiment. The rapid price appreciation of '4' memecoin exemplifies the highly speculative nature and extreme volatility inherent in this asset class. The token became the third most-bought asset by **
Edgen Crypto·Oct 05 2025, 10:14