Trader Claims $1M Profit From Unusual Market Maker Activity on Binance
A trader netted $1 million by exploiting abnormal, large spot buy orders on the low-liquidity BROCCOLI714 memecoin on Binance.Summary
An investor named Vida claimed to have made approximately $1 million on New Year's Day by trading the low-liquidity BNB Chain memecoin, BROCCOLI714, on Binance. Vida observed an abrupt price surge followed by a sharp reversal, which they attributed to unusually large spot buy orders indicative of a suspected market maker error or a hacked account, stating no whale would intentionally perform such 'charity pumping.' Using automated alerts to track rapid price moves and discrepancies between spot and futures markets, Vida went long during the pump and then shorted the asset once the pressure subsided. Binance acknowledged the online discussions and stated that initial system checks showed no indication of a platform security breach or hacker activity, although an internal review was launched. Separately, the article notes that memecoins inspired by Binance co-founder Changpeng Zhao’s dog, Broccoli, have contributed to a significant resurgence in BNB Chain activity, helping it rival Solana in daily active addresses and transaction volume in 2025.
(Source：Cointelegraph)