CZ's Post: Meme Coin '4' Rescued by Community Takeover After Hacker's Dump, Price Soars Over 500% Temporarily

BlockBeats News, October 1st, CZ made a post on social media regarding the recent hacking incident of the official BNB Chain X account, stating: "After the hacker sold all his Meme tokens to earn $4,000, the community took over and continued to raise the coin's price as a mockery of the hacker."

After CZ's announcement, the price of Meme Coin "4" surged over 500%, with a market value of $17.24 million and a total trading volume of $18.4 million.

Earlier today, the official BNB Chain X account was hacked, and the hacker used the account to promote Meme Coin and sell for profit.

BlockBeats Note: Meme Coin experiences significant price volatility, heavily relying on market sentiment and hype, with no actual value or use case. Investors should be cautious of the risks involved.