Binance Coin (BNB) Extends Pullback as Meme-Coin Rug Pulls Sting BNB Chain

Binance Coin (BNB) has fallen sharply this week, sliding 5% prior to now 24 hours and over 12% within the final seven days, as new rip-off alerts and a high-profile memecoin rug pull shake confidence within the BNB Chain ecosystem. The token presently trades round $1,060, marking its lowest stage in practically a month.

The downturn comes as Binance co-founders Changpeng “CZ” Zhao and Yi He warn traders a couple of wave of phishing scams and faux memecoin airdrops spreading by social media.

In one of the vital damaging incidents, the official X (previously Twitter) account of BNB Chain, adopted by practically 4 million customers, was hijacked to advertise a fraudulent token marketing campaign linked to a faux airdrop.

CZ and Yi He Sound the Alarm

CZ took to X to problem a direct warning, “Official accounts don’t endorse any explicit memecoin.” He cautioned customers in opposition to interacting with suspicious contract addresses or promotional posts, noting that scammers more and more exploit verified profiles to look reliable.

Yi He echoed these considerations, reminding merchants that accountability additionally lies with customers. “Please, whereas everyone seems to be doing on-chain investments, additionally take accountability in your personal actions,” she said.

The current “Sir Pancake” rip-off, a faux token that generated $20 million in quantity earlier than collapsing, reveals the dimensions of the issue. Data means that roughly 2.5% of recent tokens launched on BNB Chain since 2022 have exhibited scam-like conduct, usually disappearing inside hours of launch.

Meme-Coin Frenzy Tests Binance Coin (BNB) Investors

BNB Chain has grow to be a hub for meme coin hypothesis, however with enthusiasm comes danger. The newest wave of exploits reveals that even platforms with robust safety reputations stay weak when hype outpaces due diligence.

Tokens launched on the BNB Chain have produced huge positive aspects, one dealer transformed $3,500 into practically $7.9 million in simply days. That frenzy has fueled ecosystem exercise and attracted speculative capital, but it surely has additionally uncovered Binance Coin (BNB) and its holders to heightened danger.

Binance Coin (BNB) noticed its bullish momentum attain new heights earlier this cycle, with some analysts projecting a run towards $1,500 and past. A current forecast steered BNB may hit as much as $1,610.44 at its peak. BNB did certainly register a recent all-time high above $1,200 in early October 2025.

However, the euphoria has cooled as broader market situations turned bitter and infrastructure points crept in. Binance Coin has slipped again towards $1,100 as the crypto market pulled again, and the BNB Chain confronted a number of disruptions, together with rip-off tasks which have considerably uncovered BNB traders.

Cover picture from ChatGPT, BNBUSD chart from Tradingview