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Got Rekt on Meme Coins? BNB Chain Is Dropping a $45M Lifeline to 160k Traders

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BNB Chain is rolling out a $45 million aid initiative to help meme coin merchants hit hardest by final week’s market crash.

The program, launched in partnership with meme coin launchpad Four Meme, will distribute BNB tokens to greater than 160,000 addresses that just lately traded meme belongings on the community.

The “Reload Airdrop,” supported by PancakeSwap, Binance Wallet, and Trust Wallet, seeks to restore confidence throughout some of the energetic segments of BNB Chain’s ecosystem.

The funds, totaling roughly $45 million in BNB, will likely be distributed randomly amongst eligible customers, with the primary batch of airdrops set to start this week. Full distribution is predicted to conclude by early November 2025.

BNB Surges to New Highs as $45M Reload Airdrop Offsets Record Liquidations

The initiative follows one of many largest liquidation occasions in crypto historical past.

On Friday, more than $19 billion worth of leveraged positions were wiped out as markets plunged after U.S. President Donald Trump confirmed plans to impose a 100% tariff on Chinese imports.

The sudden announcement triggered a cascade of pressured liquidations, wiping out over $16.8 billion in lengthy positions alone, according to data from CoinGlass. More than 1.6 million merchants have been liquidated inside 24 hours.

Memecoins have been among the many hardest hit, with many shedding main worth amid the broader sell-off.

In response, BNB Chain’s Reload Airdrop seeks to compensate customers who skilled losses through the crash and to reignite buying and selling exercise inside the ecosystem.

According to the team, the airdrop represents a collective effort by BNB Chain and its companions to “present appreciation for customers and builders” who proceed to take part regardless of market volatility.

BNB Chain’s initiative comes at a time when its native token, BNB, is displaying sturdy restoration momentum.

After the weekend crash, BNB surged over 16% up to now 24 hours to attain a new all-time high of $1,370 on Monday, according to CoinMarketCap data.

The token’s rally started after it broke via the $1,200 mark earlier within the day and continued climbing previous $1,300 inside hours. As of this week, BNB is up 3.7% to commerce at round $1,271.

Former Binance CEO Changpeng Zhao, often known as CZ, commented on the development, describing the fund as a “$44 million reload fund” designed to defend customers who misplaced cash on meme cash through the latest downturn.

“Then somebody added $1 million extra, and screwed it up,” he joked in a put up on X, referring to the ultimate $45 million complete.

Four Meme, which has built-in with PancakeSwap to enable automated liquidity transfers for meme cash, will oversee the airdrop’s technical implementation.

This integration permits meme coin tasks to transition seamlessly from launch to buying and selling, a course of the companions say will assist stabilize liquidity and scale back volatility in future launches.

BNB Chain’s Meme Coin Frenzy Ends in Sudden Downturn

After weeks of explosive development, the BNB Chain’s meme coin increase came crashing down in early October, wiping out billions in market worth and sparking debate over the sustainability of meme-driven buying and selling.

The frenzy started in late September when a wave of Binance-themed tokens, led by “$4,” impressed by a viral put up from Binance founder Changpeng “CZ” Zhao, despatched buying and selling exercise on the community hovering.

Daily quantity on BNB Chain hit $20.5 billion on October 8, briefly surpassing Solana. Some tokens, together with $BSC and 币安人生 (“Binance Life”), climbed tens of 1000’s of % in hours, turning small bets into seven-figure earnings.

However, the rally unraveled after Zhao clarified that his social media exercise shouldn’t be considered as funding recommendation. Within 24 hours, main meme cash plunged between 60% and 95%, erasing a lot of the week’s features.

On-chain information from Bubblemaps and Lookonchain showed that over 100,000 traders had joined the frenzy, with many now dealing with steep losses.

Analysts famous that rug pulls hit components of the market, whereas liquidity drained quickly from PancakeSwap, BNB Chain’s largest DEX.

Market capitalization for the meme coin phase dropped from $2.1 billion to about $1.3 billion following the sell-off.

Despite the correction, Binance continues to lean into the development. It’s new “Meme Rush” platform, launched with Four.Meme, gives curated entry to new meme tokens with fair-launch mechanics and KYC safeguards.

BNB itself stays resilient, holding a market cap above $180 billion. The community nonetheless processes greater than 3 million every day energetic addresses and has seen its complete worth locked rise to over $9 billion, indicating continued ecosystem power regardless of the meme coin fallout.

The put up Got Rekt on Meme Coins? BNB Chain Is Dropping a $45M Lifeline to 160k Traders appeared first on Cryptonews.

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