Cryptocurrency traders recently earned significant profits from small-cap memecoins on the BNB Chain, marking a resurgence of speculative investments. Notable among investors is the trader “0xd0a2,” who transformed a $3,500 investment into $7.9 million in just three days. Another trader “hexiecs” changed $360,000 into over $5.5 million by investing in a memecoin called “4”, which surged in value after a post by Changpeng Zhao, co-founder of Binance. Similarly, trader “brc20niubi” saw a $730,000 investment grow to $5.4 million, achieving a 1,200-fold return. Earlier, a wallet named “0x872” made nearly $2 million from a $3,000 investment in the same token after Zhao’s endorsement.

The memecoin “4” was created following a phishing attack on the BNB Chain, in which the hacker reportedly made $4,000 before the community embraced the incident as a meme. This increased trading activity has drawn attention, with Zhao describing it as “BNB meme szn”, a phenomenon he didn’t expect. Marwan Kawadri from BNB Chain noted that the blockchain is emerging as a key player in digital asset trading.

Currently, new trends can catch on quickly due to the trading culture within the community. Smart money traders are focusing on BNB-native memecoins, with Nansen data showing that the top three cryptocurrencies purchased by these traders are BNB tokens. As of now, over 100,000 onchain traders have bought BNB-native memecoins, with around 70% already in profit. However, memecoins are highly risky, relying on social sentiment rather than intrinsic value.