OracleBNB rugged hours after launch on BNB chain

A newly launched project on the BNB Chain called OracleBNB has reportedly been rug-pulled and wiped out investor funds, blockchain security firm PeckShield ￰0￱ to the crypto security monitoring platform, all social media accounts associated with OracleBNB had been deleted shortly after trading activity collapsed early Friday ￰1￱ from Binance Square also stated that the project’s Telegram group was banned, leaving over 1,400 victims unable to contact the ￰2￱ token had soared over 1,280% before collapse A verified OracleBNB account on X had posted an announcement introducing the ORACLE token early Friday ￰3￱ post described the project as a blockchain-based prediction market that would allow users to “trade beliefs, bet on real-world outcomes, and settle instantly on BNB Chain.” #PeckShieldAlert #Rugpull @OracleBNB on #BNBChain has been rugged. @OracleBNB has already deleted its social ￰4￱ — PeckShieldAlert (@PeckShieldAlert) October 10, 2025 Within hours of the post, trading data from ￰5￱ showed that ORACLE’s price surged by over 1,200% after launch, reaching an intraday high of $0.003266.

However, the price collapsed minutes later, plummeting more than 95% from its ￰6￱ to a screenshot of the tokens dashboard shared by PeckShield, at around 3:41 PM Chinese time, the token was trading around $0.0001459, shedding almost all the profits investors had garnered. A Binance Square creator known as AB Kuai Dong said on Telegram that OracleBNB had initially claimed to be a partner of Four Meme, the BNB Chain memecoin launchpad. However, Dong shared a message from the Four Meme team denying any connection to the project. “This Twitter account suddenly became active on social media, claiming to be building a BNB Chain prediction platform,” Dong wrote.

“It was originally said to be doing a product beta test, but in the afternoon it suddenly announced a collaboration with Four Meme and that it’s going to issue a token.” 注意风险！Four meme 那边回复，Oracle 不是它们的合作伙伴，该推特突然在社交媒体上活跃，声称是做 BNB 链预测平台的。 它的 @OracleBNB 推特关注人里，有 CZ 和不少博主，本来说是要产品内侧，结果下午突然说跟 Four meme 合作，要发币了。 经询问，没有合作！小心 ￰7￱ — AB ￰8￱ (@_FORAB) October 10, 2025 Dong explained that the OracleBNB Telegram group had 1,431 members before it was ￰9￱ said the account appeared to be an old, reputable one that had been sold and repurposed by a coin-issuing group, then rebranded as a new project allegedly “incubated by Binance.” In private messages shared by Dong, several investors had reported losing significant amounts after buying the token immediately following its ￰10￱ Ukrainian blogger reportedly lost over $5,000, though he avoided losing $9,960 when a Binance wallet error prevented his transaction from ￰11￱ memecoin market is on a bloodbath The OracleBNB rug pull comes on the backdrop of a collapse in the BNB Chain memecoin market, where numerous tokens have lost as much as 90% of their value in the last 24 hours.

BNB-based meme coins such as PALU surged more than 1,600% after receiving attention from Binance founder Changpeng “CZ” Zhao, while Binance’s market capitalization hit $500 million earlier this ￰12￱ token, simply called “4”, gained over 600 times its value within this business week. However, most of these tokens have crashed by a minimum of 90% within the last ￰13￱ analytics firm Lookonchain also revealed that a BNB whale using the address “0x2fcf” withdrew 5,090 BNB worth about $6.65 million from Binance on Thursday to purchase several meme coins shortly before the market ￰14￱ to Lookonchain’s report , the whale spent 3,475 BNB, or roughly $4.54 million, on tokens a bunch tokens, all of which are now trading at significant losses and have made the trader lose nearly $1.2 million in ￰15￱ whale had invested 2,555 BNB ($3.33 million) into 币安人生, which is now down by $439,000, and 760 BNB ($993,000) into 客服小何, losing around $700,000.

Another 105 BNB ($137,000) went into PUP, which has dropped $47,000, while 55 BNB ($67,000) were used to buy 哈基米, now down $5,000. The meltdown also affected the Four Meme launch platform, which went offline for more than 30 minutes during the ￰16￱ were unable to create new tokens, upload logos, or perform migrations as heavy traffic from traders “rushing to issue coins” caused the platform to crash, according to Binance Square ￰17￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.