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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/08/2025

BNB Chain Mints a Wave of New Millionaires in the Memecoin Frenzy

Over the past week, the crypto market witnessed an explosive phenomenon on BNB Chain, as waves of retail traders suddenly became millionaires by getting into newly emerged memecoins. According to data from blockchain analytics platform Lookonchain, a trader with the wallet address "0xd0a2" turned an initial investment of just $3,500 into $7.9 million — a 2,260x return in just three days. Another trader, known as "hexiecs," walked away with over $5.5 million after investing in the token "4," a coin that surged after Changpeng Zhao (CZ) — founder and former CEO of Binance — mentioned it in a post on X (Twitter).

BNB Chain Mints a Wave of New Millionaires in the Memecoin Frenzy

Over the past week, the crypto market witnessed an explosive phenomenon on BNB Chain, as waves of retail traders suddenly became millionaires by getting into newly emerged memecoins.

According to data from blockchain analytics platform Lookonchain, a trader with the wallet address "0xd0a2" turned an initial investment of just $3,500 into $7.9 million — a 2,260x return in just three days. Another trader, known as "hexiecs," walked away with over $5.5 million after investing in the token "4," a coin that surged after Changpeng Zhao (CZ) — founder and former CEO of Binance — mentioned it in a post on X (Twitter).

And it didn't stop there. Hundreds of other speculators piled into the same wave. Trader "brc20niubi" flipped $730,000 into $5.4 million, while another wallet starting with just $3,000 made nearly $2 million within hours of CZ's post about token "4."

The whole saga traces back to a phishing attack on BNB Chain in which the hacker netted only around $4,000. The community turned the incident into a meme, and token "4" was born from it — kicking off the memecoin trading storm.

Former Binance CEO Changpeng Zhao called the phenomenon "BNB meme szn," admitting he "completely didn't see this coming."

According to Marwan Kawadri, BNB Chain's Head of DeFi for the EMEA region, "BNB Chain has long been strong in DeFi, but it's now becoming the heart of onchain trading, with record-breaking active users and DEX trading volume."

Data platforms Nansen and Bubblemaps show that more than 100,000 traders participated in new memecoins on BNB Chain, with 70% currently in profit. Notably, 40 wallet addresses are up more than $1 million, and nearly 1,000 wallets have cleared $100,000 in gains.

That said, experts caution that memecoins remain an extremely high-risk asset class — with no intrinsic value and entirely dependent on community sentiment. But it's clear that right now, BNB Chain has become the new focal point for speculators, as capital and attention converge on it.

Bottom line:
What started as a minor incident has triggered a powerful memecoin speculation wave on BNB Chain, minting dozens of new millionaires in just a few days — a testament to the heat and sheer madness of the current crypto market.