A trader reported earning around $1 million after exploiting what was described as abnormal trading activity linked to the low-liquidity BROCCOLI714 memecoin on Binance.
The trade took place on New Year’s Day, when the token experienced a sudden price spike followed by a rapid reversal during early Asian trading hours.
The trader, known online as Vida, said the unusual activity appeared to involve a suspected market maker account placing outsized spot buy orders.
According to Vida, these aggressive purchases briefly pushed prices higher before liquidity conditions normalised and the rally faded.
Vida said the scale and timing of the orders suggested either a system error or compromised trading behaviour rather than organic market demand.
I figured it had to be either a hacked account or a bug in the market-making programme, because no whale would be dumb enough to do charity like that.
Vida said.
The trader explained that automated alerts were used to detect rapid price movements and divergences between spot and perpetual futures markets.