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 several tokens plunging between 60% and 95% in the past 24 ￰3￱ sharp downturn followed a statement from Binance founder Changpeng “CZ” Zhao, who clarified that his social media posts should not be taken as trading signals or endorsements. Zhao’s comments came in response to a post by trader YazanXBT, who warned users that naming tokens after CZ or sending coins to his wallet would not reduce trading risks. “My tweets are not endorsements,” Zhao wrote on ￰4￱ advice For a brief time, I tried avoiding meme related content in my ￰5￱ many memes exist, and it made my writing ￰6￱ I just tweet normally, any overlap to memes is coincidental, not endorsement. ￰0￱ — CZ BNB (@cz_binance) October 8, 2025 “Now I just tweet normally, any overlap to memes is coincidental.” His remark quickly triggered a sell-off across BNB Chain’s leading decentralized exchange, PancakeSwap, where the majority of these memecoins ￰7￱ 100,000 Traders Join BNB Meme Frenzy Before $800M Market Crash Dozens of tokens that had surged during what traders called the “BNB Meme Szn” lost most of their value within ￰8￱ data from Bubblemaps shows that more than 100,000 on-chain traders participated in the BNB meme coin boom earlier this week, with nearly 70% showing profits at its ￰9￱ memecoin szn is real Over 100k onchain traders bought into new memecoins, and 70% are in profit: • 1 made $10M+ • 40 made $1M+ • 900 made $100K+ • 6,000 made $10K+ • 21,000 made $1K+ ￰1￱ ￰10￱ — Bubblemaps 泡泡地图 (@bubblemaps) October 7, 2025 One trader reportedly earned over $10 million, while dozens more made seven-figure gains as volumes across BNB Chain decentralized exchanges hit record ￰11￱ alone processed nearly $80 billion in trading volume in September, its busiest month since late 2021, and recorded $30 billion in just the first nine days of ￰12￱ those gains evaporated quickly as liquidity drained and traders rushed to exit ￰13￱ popular coins, including $HODL, $SAFU, $BROCCOLI, and $PUP, have dropped between 80% and 95% since Zhao’s ￰14￱ only we were at the crypto top, stocks ath, you have BNB memes rugging the last bit of ￰15￱ me why are going to ￰16￱ — HomeDaddy (@homedaddy0x) October 9, 2025 The sell-off also hit Chinese-themed tokens that had dominated the recent meme ￰17￱ like 币安人生 (Binance Life) fell from a $500 million market cap to a fraction of that in less than a day, while PALU, which surged 1,693% after briefly trending on Binance Alpha, also saw massive losses.

On-chain data from Lookonchain revealed that a major trader withdrew 5,090 BNB, worth about $6.6 million, from Binance to join the rally, investing heavily in several tokens now deep in the ￰18￱ wallet currently sits on unrealized losses of roughly $1.2 ￰19￱ guy turned $5,245 into $2.16M in just 40 minutes, a 410x return! He spent 4 $BNB ($5,245) to buy 41.11M $BNBHolder and sold 33.55M $BNBHolder for 956 $BNB ($1.25M), leaving 7.55M $BNBHolder ($906K). In just 40 minutes, he made a profit of over $2.15M (+41,088%). Address:… ￰20￱ — Lookonchain (@lookonchain) October 9, 2025 Analysts say parts of the market were also hit by rug pulls, with some tokens vanishing after collecting liquidity from ￰21￱ token HODL, a top performer in the early phase of the BNB meme surge, was among those that ￰22￱ rapid reversal has fueled debate about sustainability in the memecoin market, with analysts warning that most short-lived tokens are built around fleeting hype rather than lasting ￰23￱ “BNB Meme Szn,” which began as a community-driven frenzy after BNB Chain’s official X account was briefly hacked , had seen traders mint over 35,000 new tokens in 24 ￰24￱ its peak, the market’s capitalization reached around $2.1 billion before dropping to $1.3 billion following the ￰25￱ Pulls Back After Record Run Despite Network Milestones BNB , the native token of BNB Chain, slipped 2% in 24 hours to around $1,270 as memecoin trades on the network began to unwind, even as on-chain activity hit new ￰26￱ decline followed a sharp increase in trading volume and came despite BNB Chain recording 5 trillion gas used in a single day, driven by 24 million swap ￰27￱ 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 ￰2￱ — ￰28￱ (@cryptonews) October 9, 2025 The selloff saw BNB fall from $1,308 to $1,255 before stabilizing near $1,270.

High-volume buying emerged between $1,255 and $1,280, but the token struggled to reclaim resistance around $1,320, leaving short-term bearish pressure ￰29￱ 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 ￰30￱ October 7, BNB hit a record $1,295 , up 84% year-to-date and outpacing both BTC and ETH in performance. Technically, BNB broke above a long-term diagonal resistance earlier this month, confirming a bullish structure ￰31￱ note that price action now sits in a correction phase, with potential support around $1,100 to $1,150 for a shallow pullback or deeper support between $900 and $1,000 near the trendline and Fibonacci mid-zone.