An anonymous trader transformed an investment of one Binance Coin ($BNB), valued at approximately $707 at the time of purchase, into a net profit of roughly $7 million marking a 9,900x return on investment, according to Lookonchain data.

This seemingly trivial event ignited a frenzy of memecoin creation, culminating in a remarkable success story for one astute investor who leveraged the hype to amass a profit exceeding $7 million.

CZ Unintentional Memecoin Promotion

Unlike many other prominent figures who capitalize on such trends, CZ, despite being inadvertently at the genesis of this particular memecoin craze, demonstrably refrained from any personal financial gain.

The intrigue surrounding his dog’s name deliberately teased and then unveiled as “Brokoli,” inadvertently spurred the creation of numerous Brokoli-themed memecoins. However, CZ explicitly stated his non-involvement in their creation or promotion, instead opting to observe and later comment on the emergent market landscape.

The revelation of Brokoli’s name acted as a catalyst, triggering a wave of new memecoin projects, predominantly on the Binance Smart Chain. This surge provided fertile ground for opportunistic investors. As reported by Lookonchain, one such investor achieved a multi-million dollar profit by strategically investing in and subsequently selling these newly minted Brokoli-related digital assets.

The Brokoli-themed memecoin frenzy also had a ripple effect on pre-existing cryptocurrencies. One notable example is BRKL, the native token of the Brokoli Network, which experienced a dramatic price surge exceeding 100%. This dramatic increase was followed by a partial retracement, yet still maintained a significant portion of its gains.

Trader Turns $155K into $3.16M

Recently, an anonymous trader executed a breathtaking trade, converting a $155k investment (48.6 ETH) into a staggering $3.16 million profit within hours by trading VVV tokens.

This spectacular success has ignited significant interest within the cryptocurrency community, underscoring the immense profit potential inherent in decentralized finance (DeFi). The trader acquired 414,845 VVV tokens and subsequently sold them for $3.32 million, realizing a near-instant profit of $3.16 million.

VVV, a relatively new DeFi token built on the Ethereum blockchain, is gaining considerable momentum. Its association with governance functionalities and high-yield farming opportunities attracts both experienced and novice traders seeking substantial returns.