BNB Meme Coins Crash Up to 95% After CZ Dismisses ‘Endorsement’ Claims
BNB Chain’s meme coin rally has come to a sudden halt, with a number of tokens plunging between 60% and 95% previously 24 hours.
The sharp downturn adopted an announcement from Binance founder Changpeng “CZ” Zhao, who clarified that his social media posts shouldn’t be taken as buying and selling indicators or endorsements.
Zhao’s feedback got here in response to a publish by dealer YazanXBT, who warned customers that naming tokens after CZ or sending cash to his pockets wouldn’t scale back buying and selling dangers. “My tweets are usually not endorsements,” Zhao wrote on X.
Good recommendation
For a short time, I attempted avoiding meme associated content material in my tweets. Impossible. Too many memes exist, and it made my writing unnatural.
Now I simply tweet usually, any overlap to memes is coincidental, not endorsement. https://t.co/5AaxuGPGZT
— CZ
BNB (@cz_binance) October 8, 2025
“Now I simply tweet usually, any overlap to memes is coincidental.” His comment rapidly triggered a sell-off throughout BNB Chain’s main decentralized change, PancakeSwap, the place nearly all of these memecoins commerce.
Over 100,000 Traders Join BNB Meme Frenzy Before $800M Market Crash
Dozens of tokens that had surged throughout what merchants known as the “BNB Meme Szn” misplaced most of their worth inside hours.
Market information from Bubblemaps shows that greater than 100,000 on-chain merchants participated within the BNB meme coin growth earlier this week, with almost 70% exhibiting earnings at its peak.
BNB memecoin szn is actual
Over 100k onchain merchants purchased into new memecoins, and 70% are in revenue:
• 1 made $10M+
• 40 made $1M+
• 900 made $100K+
• 6,000 made $10K+
• 21,000 made $1K+
https://t.co/FlbU2r2tap pic.twitter.com/9g5VvmLWQO
— Bubblemaps 泡泡地图 (@bubblemaps) October 7, 2025
One dealer reportedly earned over $10 million, whereas dozens extra made seven-figure beneficial properties as volumes throughout BNB Chain decentralized exchanges hit file highs.
PancakeSwap alone processed almost $80 billion in buying and selling quantity in September, its busiest month since late 2021, and recorded $30 billion in simply the primary 9 days of October.
But these beneficial properties evaporated rapidly as liquidity drained and merchants rushed to exit positions. Several in style cash, together with $HODL, $SAFU, $BROCCOLI, and $PUP, have dropped between 80% and 95% since Zhao’s clarification.
The sell-off additionally hit Chinese-themed tokens that had dominated the latest meme rally.
Coins like 币安人生 (Binance Life) fell from a $500 million market cap to a fraction of that in lower than a day, whereas PALU, which surged 1,693% after briefly trending on Binance Alpha, additionally noticed huge losses.
On-chain information from Lookonchain revealed {that a} main dealer withdrew 5,090 BNB, value about $6.6 million, from Binance to be part of the rally, investing closely in a number of tokens now deep within the crimson. The pockets at present sits on unrealized losses of roughly $1.2 million.
Analysts say elements of the market have been additionally hit by rug pulls, with some tokens vanishing after amassing liquidity from patrons. The token HODL, a prime performer within the early section of the BNB meme surge, was amongst people who collapsed.
The speedy reversal has fueled debate about sustainability within the memecoin market, with analysts warning that almost all short-lived tokens are constructed round fleeting hype slightly than lasting worth.
The “BNB Meme Szn,” which started as a community-driven frenzy after BNB Chain’s official X account was briefly hacked, had seen merchants mint over 35,000 new tokens in 24 hours.
At its peak, the market’s capitalization reached round $2.1 billion earlier than dropping to $1.3 billion following the crash.
BNB Pulls Back After Record Run Despite Network Milestones
BNB, the native token of BNB Chain, slipped 2% in 24 hours to round $1,270 as memecoin trades on the community started to unwind, at the same time as on-chain exercise hit new highs.
The decline adopted a pointy enhance in buying and selling quantity and got here regardless of BNB Chain recording 5 trillion gas utilized in a single day, pushed by 24 million swap transactions.
Binance Smart Chain’s meme frenzy cooled Thursday as BNB slipped 3.4% and hype-fueled tokens Binance Life and PALU plunged 9.5% and 35%. #BSC #BNB https://t.co/gg5kpldRBW
— Cryptonews.com (@cryptonews) October 9, 2025
The selloff noticed BNB fall from $1,308 to $1,255 earlier than stabilizing close to $1,270. High-volume shopping for emerged between $1,255 and $1,280, however the token struggled to reclaim resistance round $1,320, leaving short-term bearish strain intact.
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.
On October 7, BNB hit a record $1,295, up 84% year-to-date and outpacing each BTC and ETH in efficiency.
Technically, BNB broke above a long-term diagonal resistance earlier this month, confirming a bullish construction shift.
Analysts be aware that value motion now sits in a correction section, with potential help round $1,100 to $1,150 for a shallow pullback or deeper help between $900 and $1,000 close to the trendline and Fibonacci mid-zone.
Despite short-term exhaustion, the medium-term outlook stays constructive.
BNB continues to profit from rising community utilization, together with the adoption of a typical 0.05 Gwei fuel charge throughout Binance and Trust Wallet, which has made on-chain exercise sooner and cheaper.
Analysts say that if shopping for momentum returns at key retracement zones, BNB may resume its uptrend towards new highs later this quarter.
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