Zhao Changpeng stated that the Meme coin "4" was taken over by the community after being sold off by hackers, with the price briefly rising over 500%

ChainCatcher news, Zhao Changpeng posted on social media regarding the recent hacking incident of the official BNB Chain X account, stating: "After the hacker sold all his Meme tokens for a profit of $4,000, the community took over and continued to drive up the price as a mockery of the hacker."

After Zhao Changpeng released this message, the Meme coin "4" surged over 500%, with a market cap currently reported at $17.24 million and a cumulative trading volume reaching $18.4 million. It is reported that earlier today, the official BNB Chain X account was hacked, and the hacker used the account to promote Meme coins and sell for profit. Meme coin trading is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case; investors should be aware of the risks.