The post BROCCOLI(714) Price Pumps 1200% on Suspected Hack, Trader Made $1 Million appeared first on Coinpedia Fintech News
The crypto market welcomed 2026 with an unusual and dramatic event. CZ’s dog Broccoli(714) memecoin built on BNB Chain has seen a nearly 1200% gain today.
What initially appeared to be a surprise rally quickly turned into suspected hacking volatility. In the midst of this chaotic situation, a savvy trader made a $1 million profit.
Let’s find out about this massive event that had everyone on their toes.
What Triggered the BROCCOLI(714) Price Spike, 1200%?
According to data shared by Lookonchain, the attacker used the compromised market maker account to aggressively buy BROCCOLI(714) in the spot market. Because the token had very thin liquidity, even moderate capital caused a massive price impact.
Within hours, the token surged from around $0.012 to a peak near $0.16, marking a rise of more than 1,200%
During this short window, trading volume jumped to 4800% roughly $500 million, a massive figure for such a small token.
How the Hack Played Out
The hacker used a simple but risky plan. First, stolen funds were used to buy BROCCOLI(714) on the spot market. At the same time, long trades were opened in futures using other accounts.
This pushed the price up fast and helped move the stolen money through linked trades. Because the token had low liquidity, the price was easy to control.
While spot prices jumped sharply, futures did not rise as much. Huge buy orders also appeared in the order book, which looked unusual and signaled artificial support.
Lucky Trader Made $1Million in profit
Interestingly, not everyone lost money in this sudden move. A trader named Vida, who already had automated alert systems running, was notified when BROCCOLI(714) rose more than 30% in under 30 minutes.
What caught his eye was the heavy buying on a small token, which did not look normal. He entered the trade early and followed the price up while watching closely.
Later, the big buy orders disappeared all at once, likely after Binance stepped in.
Vida quickly exited his trade, switched direction, and made around $1 million as the price fell back down.
Binance Responds, After Token Crashes
Binance has since confirmed that it is investigating the incident. So far, the exchange says there is no clear proof of a direct hack, but the review is still ongoing.
Meanwhile, the damage is done. BROCCOLI(714) has crashed back to around $0.018, leaving many late buyers with heavy losses.
Source: https://coinpedia.org/news/broccoli714-price-pumps-1200-on-suspected-hack-trader-made-1-million/
