In one of the sharpest examples of meme-coin mania this year, a crypto trader transformed a $68,700 bet into roughly $9.4 million in just 48 hours.
On September 30, the wallet address 0xce5ad0ff16863f54a0daa27ff831177ad1144c07 spent 68 BNB ($68,700) to acquire 63.07 million units of $4, a newly launched token on PancakeSwap. By October 2, the position was valued at over $9.4 million, a staggering 135x return.
Blockchain data shows a carefully sequenced series of buys: multiple tranches of 5–8 BNB (BNB) swapped through PancakeSwap V4, accumulating millions of $4 tokens at prices between $0.00008 and $0.00014.
Trading volume cllimbed above $118 million
The buys coincided with a sudden surge in activity: daily trading volume exploded to $118.8 million, while 24-hour price performance peaked at +168%, with liquidity pools briefly holding $2.8 million.
The trade unfolded against a backdrop of retail-driven hype on X (formerly Twitter). Screenshots shared by traders show the $4 community touting Binance’s own Changpeng Zhao’s meme-like hand gesture as the coin’s branding.
That branding caught fire in Telegram channels and Dexscreener feeds, with more than 166,000 transactions recorded in just two days. The result was textbook reflexivity: as the $4 token’s market cap swelled to $148.4M FDV, more speculators piled in, pushing the token higher and magnifying the early trader’s unrealized gains.
Yet even amid the jaw-dropping profits, the risks are plain. On-chain data highlights how thin liquidity pools can exaggerate valuations, making it difficult for whales to fully exit without crushing the price.
