Cryptocurrency traders have raked in massive profits over the past week by trading small-cap memecoins on the BNB Chain, highlighting a surge of speculative capital driving the current market cycle.
One standout investor, known as “0xd0a2,” reportedly transformed a modest $3,500 stake into $7.9 million in just three days—a staggering 2,260x return, according to blockchain analytics platform Lookonchain.
Another trader, “hexiecs,” turned a $360,000 investment into more than $5.5 million by backing the newly launched “4” memecoin, which skyrocketed following a post from Binance co-founder and former CEO Changpeng Zhao on X.
Other speculators saw similarly eye-popping gains. Trader “brc20niubi” converted a $730,000 investment into $5.4 million, achieving a 1,200x return, Lookonchain data shows.
This frenzy underscores the extreme volatility—and potential windfalls—associated with small-cap memecoins on BNB Chain.
The frenzy came on the heels of an earlier trade this week, in which the wallet “0x872” turned a $3,000 investment in the 4 token into nearly $2 million in just a few hours. The trade yielded a 650-fold return after Binance co-founder Changpeng Zhao reshared a post about the token to his 8.9 million X followers on October 1.
The 4 token itself emerged from a phishing incident on the BNB Chain, in which the hacker reportedly earned only $4,000 before the community transformed the episode into a viral meme.
Traders Take Notice of BNB Chain’s Potential
The surge in trading activity on the BNB Chain has caught the eye of industry observers, including Binance co-founder Changpeng Zhao, who dubbed it “BNB meme szn” and admitted he “didn’t expect it at all.”
A key factor behind the surge in investor interest is growing recognition of BNB Chain’s potential for digital asset trading, according to Marwan Kawadri, DeFi lead and head of EMEA at BNB Chain.
“BNB Chain has always been strong in DeFi, but right now, it’s becoming the heartbeat of on-chain trading,” Kawadri said, noting record numbers in both active addresses and decentralized exchange (DEX) trading volumes.
“What you’re seeing with ‘BNB meme szn’ is the market waking up to the fact that BNB Chain has become the leading ecosystem for trading.”
New cryptocurrency trends may spread more quickly on BNB Chain, as “the community is built around trading culture,” Kawadri noted.
Data from blockchain intelligence platform Nansen shows that the industry’s top traders—often labeled as “smart money”—are increasingly focusing on BNB-native memecoins. In fact, the three largest cryptocurrencies purchased by these smart money traders over the past 24 hours were all BNB-native tokens, according to Nansen’s inflow data.
In the days leading up to Tuesday, more than 100,000 on-chain traders had invested in the new BNB-native memecoins, with roughly 70% of them sitting in profit at the time, according to data from blockchain visualization platform Bubblemaps.
Among the 100,000 traders, one wallet earned more than $10 million, 40 wallets netted over $1 million each, and 900 traders saw profits exceeding $100,000.
Memecoins remain among the riskiest digital assets, as they lack intrinsic value and depend entirely on social sentiment to drive demand and price growth.
