Traders Recognize 8 as the Number of Wealth

Summary

• 8 coin launched on pump fun as a direct counter to the viral Binance coin 4, which had reached over $300M market cap

• The creator said 8 represents wealth and abundance in Judaism, playing off running jokes about co-founder Alon

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After Binance-based memecoins began pulling momentum away from Solana, the viral coin 4 became a standout, reaching over $300M market cap and helping kick off a new wave on Binance chain.

However, the wave of volume on Binance Smart Chain was quickly halted after multiple coins across the Binance ecosystem suffered drawdowns of up to 90%, which prompted the launch of 8 as a direct counterpart to 4. The coin creator explained that 8 symbolizes wealth and abundance in Judaism. This tied into existing meme jokes around pump fun co-founder Alon, who is often referenced in Jewish-themed memes.

Although 8 didn’t spike immediately, it gained momentum after about 4 hours, rising from $60K to $2.6M market cap.