BNB Chain Tokens Crash Up to 95% later than CZ’s ‘Not Endorsements’ Tweet
BNB Tokens Plunge later than Cautionary Tweet
Memecoins built on BNB Chain lost between 60% and 95% of their value in the past 24 hours later than Binance founder Changpeng “CZ” Zhao told followers his posts should not be viewed as trading signals. The trade-off followed weeks of speculative mania that had drawn more than 100,000 onchain traders and pushed BNB to an all-time high.
Zhao was replying to a post from user YazanXBT, who warned traders that sending tokens to CZ’s wallet or naming them later than his posts offered no protection from losses. “My tweets are not endorsements,” Zhao wrote. “Now I just tweet normally — any overlap with memes is coincidental.”
Prices of BNB-based memecoins listed on PancakeSwap — the largest decentralized platform on BNB Chain — fell sharply within hours. Many of the tokens were only a few days old, while others had been trading for months. Liquidity evaporated as traders rushed to exit, and several pairs saw market capitalizations collapse by more than 95% in a day.
Investor Takeaway
From ‘BNB Szn’ to Market Reversal
Just a day earlier, Zhao had jokingly declared it “BNB meme szn” in a post that coincided with a burst of onchain activity. Data from analytics platform Bubblemaps showed more than 100,000 addresses purchaseing BNB memecoins during the peak, with around 70% in profit at the time. One trader reportedly made more than $10 million, while 40 others booked seven-figure profits. Another 900 wallets gained over $100,000 each before the market turned.
The wave of trading sent volumes on PancakeSwap and other decentralized platforms to multi-year highs. PancakeSwap processed nahead $80 billion in trades in September — its busiest month since November 2021 — and logged another $30 billion in the first nine days of October, according to onchain data. BNB Chain platforms accounted for roughly 40% of the total decentralized platform turnover of $19 billion over the past 24 hours.
Impact on BNB and Broader Market
The memecoin rush briefly lifted BNB itself to a record $1,350 on Tuesday before prices eased back to about $1,270, according to data from The Block. The token remains down about 5% on the day. Analysts said the pullback was expected later than such a rapid move, though broader activity on BNB Chain remains robust compared with earlier in the year.
The surge had drawn liquidity across decentralized markets, echoing previous cycles viewn on Solana and Base, where meme-driven trading temporarily dominated volumes before retracing. While the memecoin boom boosted BNB’s network fees and user activity, it also exposed how concentrated liquidity can amplify reversals once sentiment cools.
Investor Takeaway
later than the Hype
For now, BNB Chain continues to dominate decentralized platform volumes, but traders appear more cautious later than Zhao’s remarks. Market makers have pulled liquidity from fragileer tokens, leaving dozens of pairs effectively illiquid. On social media, developers of several memecoins announced token burns or liquidity injections in attempts to stabilize prices, though volumes remain thin.
The episode highlights how social media dynamics still influence onchain behavior. While Zhao’s post was meant as a disclaimer, it triggered a wave of tradeing among traders who had built entire narratives around his online activity. The crash also serves as a reminder that even as BNB Chain’s ecosystem expands, speculation remains its most volatile driver.
