Meme coin '4' experienced a dramatic price surge of over 500% following a hack of the BNB Chain's official X account. The hacker reportedly dumped all their Meme tokens, netting $4,000, which led to a community-driven price increase as a form of mockery. Binance CEO CZ commented on the incident via social media, highlighting the community's reaction.
The current market cap of Meme coin '4' stands at $17.24 million, with a cumulative trading volume of $18.4 million. The incident underscores the volatile nature of meme coins, which are often influenced by market sentiment and hype rather than intrinsic value or utility. Investors are advised to exercise caution when dealing with such assets.
Meme Coin '4' Soars 500% After BNB Chain Account Hack
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