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Crypto trader turns $3K into $2M after CZ post sends memecoin soaring

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 95 Views

The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following a BNB Chain phishing incident.

A lucky cryptocurrency trader turned a $3,000 investment into about $2 million within hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB Chain memecoin on X.

Blockchain data shows the trader, identified by wallet address “0x872,” was one of the earliest buyers of the newly launched “4” token, according to blockchain analytics platform Lookonchain. The trader’s initial $3,000 worth of BNB (BNB) grew into $2 million, marking a roughly 650-fold return on investment.

Despite the massive gains, the trader sold only a small portion of their holdings and still holds $1.88 million worth of the tokens.

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