BNB Meme Coin Frenzy Creates Overnight Millionaires and Costly Mistakes

BNB Chain is dominating new token activity, according to fresh data from ￰0￱ the past 24 hours, the network has seen nearly 35,000 new tokens launched, and far surpassed other ￰1￱ surge was accompanied by an on-chain trading volume of roughly $10 ￰2￱ put this into perspective, Solana followed with around 16,000 new tokens and $2.3 billion in volume, while Coinbase’s Layer 2 Base recorded about 30,000 tokens but with a far smaller $27 million in ￰3￱ Meme Coin Season Is Here In its latest post on X, Bubblemaps attributed the on-chain activity to a renewed wave of speculative capital on small-cap meme coins on BNB ￰4￱ frenzy has drawn over 100,000 traders into newly launched tokens, and nearly 70% are currently in ￰5￱ scale of gains is ￰6￱ shows that one trader netted over $10 million, 40 made $1 million or more, and thousands earned five- to six-figure ￰7￱ such as PALU briefly exploded after what appeared to be a subtle nod from Binance founder and former CEO, Changpeng “CZ” Zhao, minting over 100 new six-figure ￰8￱ breakout tokens like 币安人生, PUP, and 4 also generated massive windfalls and produced dozens of millionaires and tens of thousands of smaller ￰9￱ meme coin frenzy has caught the eye of industry observers, including CZ, who described the trend as “BNB meme szn” and admitted that he didn’t expect it at all.

Lookonchain, however, issued a cautionary note to the traders against FOMO-driven moves after tracking a whale’s costly meme coin spree on BNB ￰10￱ wallet, identified as 0x2fcf, withdrew 5,090 BNB ($6.65 million) from Binance to buy several trending meme coins, but the bet has ￰11￱ 24 hours, the whale spent 3,475 BNB ($4.54 million) on several tokens, all now sitting at massive ￰12￱ Undeterred Individual missteps aside, BNB Chain continued to benefit from a wave of new ￰13￱ network has recently surpassed its long-term rival Solana in active addresses for the first time since last ￰14￱ surge was fueled by the hype surrounding decentralized exchange Aster, which has driven massive user engagement and boosted on-chain activity across the ￰15￱ growing demand for the network has also lifted its native ￰16￱ a result, BNB has emerged as one of the best-performing assets over the past week, climbing nearly 26%.

It now trades close to its all-time high of over $1,300, pushing its market capitalization above $181 billion and overtaking Ripple’s XRP to become the world’s third-largest cryptocurrency.