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BNB Chain meme cash plummeted after Binance founder Changpeng Zhao (CZ) mentioned that his posts on X shouldn’t be seen as endorsements.
4, which soared to a brand new all-time excessive (ATHs) in the course of the latest frenzy, has slumped over 22% within the final 24 hours, in accordance with CoinMarketCap.
Amongst different distinguished names, Palu (PALU) slid over 14% and GIGGLE plunged earlier than bouncing again to commerce 3% down. Many different BNB tokens have misplaced greater than 20% of their worth.
CZ Says His Posts Are Not Monetary Recommendation
CZ mentioned in an X put up that he tried to keep away from posting content material associated to meme cash on-line, however added that this was “unattainable” on condition that there are “too many” of those tokens out there.
”For a quick time, I attempted avoiding meme associated content material in my tweets,” he mentioned. “Now I simply tweet usually, any overlap to memes is coincidental, not endorsement.”
Good recommendation 👇
For a quick time, I attempted avoiding meme associated content material in my tweets. Unimaginable. 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
CZ was replying to a put up by X consumer “Yazan,” who warned of the dangers of meme cash.
“CZ saying a phrase doesn’t routinely imply you need to search for a meme coin with that phrase and purchase it,” wrote Yazan, who added that he’s “very assured “ that CZ “is just not hinting at something when he says one thing.”
CZ’s reply follows an Oct. 7 put up during which he declared the beginning of a BNB meme coin season.
That was as costs of tokens within the BNB ecosystem soared. On the peak of the frenzy, over 100K on-chain merchants had purchased into new BNB meme cash, with round 70% of the merchants in revenue, knowledge from Bubblemaps confirmed.
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 of many merchants was even capable of generate over $10 million in revenue, whereas one other 40 achieved income exceeding $1 million. 9 hundred extra merchants noticed beneficial properties of over $100K.
CZ Says Folks Give Him Too A lot Credit score For Market Strikes
In a follow-up put up on X, CZ mentioned he was busy with in-person conferences in Bahrain when BNB meme coin costs began to drop.
“Folks typically give me an excessive amount of credit score, in good occasions and dangerous,” he mentioned. “I didn’t do something. Was busy all day.”
Was in IRL conferences all day right now in Bahrain🇧🇭, together with one on stage fireplace chat.
What a blood tub in crypto right now! Not too certain what occurred, however I feel it began with FUD (false information) about Alpha not going to checklist sure cash sooner or later, which quickly proved to be… https://t.co/Z7lMUJs09R
— CZ 🔶 BNB (@cz_binance) October 9, 2025
He additionally speculated that the value drops may have been pushed by FUD (Worry, Uncertainty, and Doubt) and faux information that Binance Alpha was not going to checklist sure cash sooner or later.
“However the FUD already completed its harm,” he wrote. “That is the unlucky energy of FUD when sufficient folks get fooled by it.”
Some within the crypto neighborhood have proven their assist for CZ, who they are saying is being focused by FUD spreaders. Nonetheless, the Binance co-founder mentioned that he’s not too involved.
One other individual advised that the FUD round CZ will go away quickly earlier than jokingly including that it’ll probably return subsequent week.
If there may be FUD about CZ …simply wait till tomorrow, it will likely be gone. Repeat the following week. 🙂
— Bruce Fenton (@brucefenton) October 9, 2025
CAKE And BNB Additionally Tumble
CAKE, the native token of decentralized trade PancakeSwap that facilitated large buying and selling volumes on BNB ecosystem in the course of the frenzy, is down 2% after CZ confirmed that his posts aren’t endorsements.
The meme coin frenzy helped fireplace BNB to a brand new ATH of $1,336.57 on Oct. 7, nevertheless it has since misplaced 6%.
BNB value (Supply: CoinMarketCap)
Following a greater than 2% drop prior to now 24 hours, BNB trades at $1,251.77 as of seven:01 a.m. EST. It’s nonetheless up 41% prior to now month.
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