{"id":876501,"date":"2025-10-09T23:13:06","date_gmt":"2025-10-10T04:13:06","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/09\/bnb-meme-coins-crash-up-to-95-after-cz-dismisses-endorsement-claims\/"},"modified":"2025-10-09T23:13:06","modified_gmt":"2025-10-10T04:13:06","slug":"bnb-meme-coins-crash-up-to-95-after-cz-dismisses-endorsement-claims","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/09\/bnb-meme-coins-crash-up-to-95-after-cz-dismisses-endorsement-claims\/","title":{"rendered":"BNB Meme Coins Crash Up to 95% After CZ Dismisses \u2018Endorsement\u2019 Claims"},"content":{"rendered":"
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Journalist<\/p>\n

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Hassan Shittu<\/p>\n

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Journalist<\/p>\n

\n Hassan Shittu <\/span>\n <\/p>\n<\/p><\/div>\n

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About Author<\/p>\n

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

BNB Chain\u2019s meme coin rally has come to a sudden halt, with several tokens plunging between 60% and 95% in the past 24 hours. <\/p>\n

The sharp downturn followed a statement from Binance founder Changpeng \u201cCZ\u201d Zhao, who clarified<\/a> that his social media posts should not be taken as trading signals or endorsements.<\/p>\n

Zhao\u2019s comments came in response to a post by trader YazanXBT, who warned<\/a> users that naming tokens after CZ or sending coins to his wallet would not reduce trading risks. \u201cMy tweets are not endorsements,\u201d Zhao wrote on X. <\/p>\n

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Good advice \ud83d\udc47<\/p>\n

For a brief time, I tried avoiding meme related content in my tweets. Impossible. Too many memes exist, and it made my writing unnatural.<\/p>\n

Now I just tweet normally, any overlap to memes is coincidental, not endorsement. https:\/\/t.co\/5AaxuGPGZT<\/a><\/p>\n<\/div>\n

\u2014 CZ \ud83d\udd36 BNB (@cz_binance) October 8, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cNow I just tweet normally, any overlap to memes is coincidental.\u201d His remark quickly triggered a sell-off<\/a> across BNB Chain\u2019s leading decentralized exchange, PancakeSwap, where the majority of these memecoins trade.<\/p>\n

Over 100,000 Traders Join BNB Meme Frenzy Before $800M Market Crash<\/span><\/h2>\n

Dozens of tokens that had surged during what traders called the \u201cBNB Meme Szn\u201d lost most of their value within hours. <\/p>\n

Market data from Bubblemaps shows<\/a> that more than 100,000 on-chain traders participated in the BNB meme coin boom earlier this week, with nearly 70% showing profits at its peak. <\/p>\n

<\/figure>\n

One trader reportedly earned over $10 million, while dozens more made seven-figure gains as volumes across BNB Chain decentralized exchanges hit record highs.<\/p>\n

PancakeSwap alone processed<\/a> nearly $80 billion in trading volume in September, its busiest month since late 2021, and recorded $30 billion in just the first nine days of October. <\/p>\n

But those gains evaporated quickly as liquidity drained and traders rushed to exit positions. Several popular coins, including $HODL, $SAFU, $BROCCOLI, and $PUP, have dropped between 80% and 95% since Zhao\u2019s clarification.<\/p>\n

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The sell-off also hit Chinese-themed tokens that had dominated the recent meme rally. <\/p>\n

Coins like \u5e01\u5b89\u4eba\u751f (Binance Life) fell from a $500 million market cap to a fraction of that in less than a day, while PALU, which surged 1,693% after briefly trending on Binance Alpha, also saw massive losses. <\/p>\n

On-chain data from Lookonchain revealed<\/a> that a major trader withdrew 5,090 BNB, worth about $6.6 million, from Binance to join the rally, investing heavily in several tokens now deep in the red. The wallet currently sits on unrealized losses of roughly $1.2 million.<\/p>\n

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Analysts say parts of the market were also hit by rug pulls, with some tokens vanishing after collecting liquidity from buyers. The token HODL, a top performer in the early phase of the BNB meme surge, was among those that collapsed. <\/p>\n

The rapid reversal has fueled debate about sustainability in the memecoin market, with analysts warning that most short-lived tokens are built around fleeting hype rather than lasting value.<\/p>\n

The \u201cBNB Meme Szn,\u201d which began as a community-driven frenzy after BNB Chain\u2019s official X account was briefly hacked<\/a>, had seen traders mint over 35,000 new tokens in 24 hours. <\/p>\n

At its peak, the market\u2019s capitalization reached around $2.1 billion before dropping to $1.3 billion following the crash.<\/p>\n

BNB Pulls Back After Record Run Despite Network Milestones<\/span><\/h2>\n

BNB<\/a>, the native token of BNB Chain, slipped 2% in 24 hours to around $1,270 as memecoin trades on the network began to unwind, even as on-chain activity hit new highs. <\/p>\n

The decline followed a sharp increase in trading volume and came despite BNB Chain recording 5 trillion gas<\/a> used in a single day, driven by 24 million swap transactions.<\/p>\n

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The selloff saw BNB fall from $1,308 to $1,255 before stabilizing near $1,270. High-volume buying emerged between $1,255 and $1,280, but the token struggled to reclaim resistance around $1,320, leaving short-term bearish pressure intact.<\/p>\n

The retracement comes after an explosive month-long rally that lifted BNB by 45% and pushed it to the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum. <\/p>\n

On October 7, BNB hit a record $1,295<\/a>, up 84% year-to-date and outpacing both BTC and ETH in performance.<\/p>\n

Technically, BNB broke above a long-term diagonal resistance earlier this month, confirming a bullish structure shift. <\/p>\n

Analysts note that price action now sits in a correction phase, with potential support around $1,100 to $1,150 for a shallow pullback or deeper support between $900 and $1,000 near the trendline and Fibonacci mid-zone.<\/p>\n

Source: Tradingview<\/a><\/em><\/figcaption><\/figure>\n

Despite short-term exhaustion, the medium-term outlook remains positive. <\/p>\n

BNB continues to benefit from growing network usage, including the adoption of a standard 0.05 Gwei gas fee across Binance and Trust Wallet, which has made on-chain activity faster and cheaper.<\/p>\n

Analysts say that if buying momentum returns at key retracement zones, BNB could resume its uptrend toward new highs later this quarter.<\/p>\n

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Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in… Last updated:\u00a0 October 9, 2025 BNB Chain\u2019s meme coin rally has come to a sudden halt, with several tokens<\/p>\n","protected":false},"author":1,"featured_media":876502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32482,2199],"tags":[],"class_list":{"0":"post-876501","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-coins","8":"category-crash"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=876501"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/876501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/876502"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=876501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=876501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=876501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}