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October 14, 2025Coinpaper logoCoinpaper

BNB Chain Rolls Out $45M Airdrop After Crypto Meltdown

The initiative is supported by partners like PancakeSwap and Trust Wallet, and will distribute BNB tokens to more than 160,000 addresses by early ￰0￱ market crash was triggered by a Truth Social post from US President Donald Trump threatening tariffs on China, which sent prices plunging and caused major disruptions on ￰1￱ users reported being unable to close positions, while others saw altcoins briefly display “zero” ￰2￱ the chaos, BNB rebounded to a new all-time high on ￰3￱ also faced lingering technical issues, with Binance Wallet and Trust Wallet users reporting delayed balance displays and pricing glitches caused by network congestion and oracle ￰4￱ Chain Launches $45M Airdrop BNB Chain unveiled a $45 million “reload airdrop” to help users recover from losses suffered during last Friday’s historic crypto market crash, which wiped out roughly $20 billion in ￰5￱ initiative will distribute BNB tokens, which are currently valued at around $1,276 each, to more than 160,000 eligible ￰6￱ to the network, the airdrop will begin this week and finish by early ￰7￱ like Four Meme, PancakeSwap, Binance Wallet, and Trust Wallet will help to facilitate the ￰8￱ Chain was originally developed by Binance but is now maintained by a decentralized ￰9￱ said the effort is meant to support retail traders that were impacted by the extreme volatility seen last ￰10￱ founder and former CEO Changpeng Zhao confirmed that rewards will be allocated randomly among eligible ￰11￱ airdrop comes just days after one of the most dramatic sell-offs in crypto’s history, triggered by a Truth Social post from US President Donald Trump threatening 100% tariffs on Chinese ￰12￱ shock sent markets tumbling, and Binance was quickly caught in the center of the storm as users reported platform glitches during the ￰13￱ traders claimed they were unable to close their positions during the sell-off, while others pointed to issues like altcoins briefly showing “zero” prices on Binance, even though they continued trading normally elsewhere.

() Adding to the controversy, Ethena’s synthetic stablecoin, USDe, plunged to $0.65 on Binance while maintaining near-peg levels on other ￰14￱ Labs founder Guy Young attributed the anomaly to Binance’s reliance on internal order book data for its oracle, where liquidity was thinner compared to external ￰15￱ later issued a statement assuring its users that its core futures systems remained functional throughout the ￰16￱ exchange blamed the “zero price” glitch on a decimal configuration issue and explained that some brief price drops were due to thin liquidity triggering old limit ￰17￱ also confirmed that it compensated affected users holding depegged assets like USDe, BNSOL, and WBETH, covering $283 million in total ￰18￱ the turbulence, BNB rebounded strongly, and hit a new all-time high on Monday ￰19￱ price action over the past week () Binance Wallet Glitches Persist Meanwhile, Binance’s infrastructure faced even more strain in the aftermath of Friday’s crypto market crash, as balance display issues persisted across its self-custody product, Binance Wallet, into ￰20￱ platform confirmed on X that it was “temporarily experiencing lag” due to network congestion, preventing some users from viewing wallet ￰21￱ explained that the affected information required “buffering time to display” and said its team was working to resolve the ￰22￱ disruption followed similar glitches on Binance’s trading platform, where abnormal price readings affected several altcoins during the market’s steep ￰23￱ users claimed they were unable to interact with their assets, with one even reporting a loss of more than $130 after being unable to sell ￰24￱ Binance Wallet problems came shortly after Trust Wallet — another self-custody platform founded by Binance’s Changpeng “CZ” Zhao — also experienced issues over the ￰25￱ Sunday, Trust Wallet said that some users were unable to see their balances due to a “market data sync issue,” though it later announced that the problem was fixed within about four ￰26￱ the resolution, several users continued to report inaccurate balance displays ￰27￱ Wallet’s head of communications, Dami Odufuwa, said that the glitch was limited to fiat balance visibility and did not affect users’ ability to trade, swap, or stake ￰28￱ reassured people that all assets were secure and that the issue stemmed solely from temporary market data synchronization ￰29￱ analyst Lucien Bourdon suggested that the incorrect balance displays across Binance Wallet and Trust Wallet were likely caused by the record liquidations during the crash, which overwhelmed pricing and oracle ￰30￱ advised users to verify their funds directly via blockchain explorers during outages.

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