Trader claims $1M gain from abnormal Binance memecoin trade

A crypto trader said they earned roughly $1 million after spotting abnormal trading activity linked to a memecoin on Binance.

Investor Vida said the activity involved BROCCOLI714, a low-liquidity token operating on the BNB Chain.

The token experienced a sudden price spike followed by a sharp reversal during early Asian trading hours.

Vida said the move was driven by unusually large spot buy orders appearing on Binance’s order book.

I figured it had to be either a hacked account or a bug in the market-making program.

Vida said.

The trader said automated alerts flagged rapid price movements and gaps between spot and perpetual markets.

Vida said they went long during the surge before switching to a short position as buying pressure faded.

Online speculation suggested the activity may have been caused by a hack, prompting Binance to respond.

A Binance spokesperson said the exchange launched an internal review into the BROCCOLI714 price movement.

There is no indication of a platform security breach or hacker activity.

The Binance spokesperson said.

Binance added that its risk controls and security systems were operating as intended.

Vida said the trading pattern still appeared unusual despite Binance rejecting hack allegations.

Memecoins linked to Changpeng Zhao’s dog Broccoli have helped fuel renewed activity on the BNB Chain.

Network data shows BNB Chain activity surged in 2025 as memecoin interest shifted away from Solana.