Coinspeaker
16 hour ago
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BNB Chain Abnormal BROCCOLI714 Meme Coin Activity Earns Trader $1M

BNB Chain Trading Anomaly on New Year’s Day

  • A trader named Vida reported making approximately $1 million from trading activity related to the BROCCOLI714 meme coin.
  • The trades took place on Binance, marked by unusual size and speed, sparking speculation of a potential hack.
  • Binance confirmed no security issues were found after an internal review.

Details of the BROCCOLI714 Trading Event

  • BROCCOLI714 experienced a sudden price spike followed by a rapid decline due to large spot buy orders without clear justification.
  • Vida suspected either a malfunctioning market-making system or a compromised account as the source of this activity.
  • He capitalized on the situation by taking long positions during the price surge and switching to short positions as the prices normalized.

Binance's Response and BNB Chain Growth

  • Despite rumors, Binance stated no evidence of breaches or account issues linked to these trades was found.
  • The incident coincides with growing interest in BNB Chain meme coins, boosting network activity.
  • Nansen data shows increased daily users on the BNB Chain, ranking it among the most active blockchains by the end of 2025.