Memecoins on BNB Chain plummet after clarification made by Changpeng Zhao

The rise of memecoins in BNB Chain ended abruptly after Changpeng “CZ” Zhao, founder of Binance, will clarify that their posts on social networks should not be interpreted as buy or sell signals for these assets.

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• Memecoin prices in PancakeSwap They fell up to 95% in 24 hours.
• More than 100,000 traders participated in the rush BNB before the collapse.
• BNB It reached an all-time high of USD $1,350 before retreating.

🚨 Loud fall of memecoins on BNB Chain 🚨

The prices of numerous memecoins plummeted by up to 95% in 24 hours following the warning from CZ, founder of Binance.

More than 100,000 traders panicked when the encouragement of speculation abruptly ended.… pic.twitter.com/UgNV4Eok8a

— Diario฿itcoin (@DiarioBitcoin) October 9, 2025

It is no secret to anyone that the memecoin market is highly volatile, which can work for both good and bad depending on the circumstances. Evidence of this was seen with a large number of these assets in BNB Chain, which experienced a considerable drop in the last 24 hours after some messages published by Changpeng “CZ” Zhao, who clarified that his publications on networks should not be considered as investment signals.

Zhao’s warning came in response to a message from YazanXBT, an X user who alerted traders about the risks of sending coins to the former CEO’s wallet or using his name in tokens. CZ responded stating: “My tweets are not endorsements. I just post normally now, any coincidence with memes is pure chance.”

A sudden crash in memecoins

Shortly after the statement, the prices of dozens of memecoins based on BNB Chain began to collapse PancakeSwap, the main decentralized exchange on the network. Some tokens had barely been in existence for hours, while others had been trading for months, according to reports.

According to market data, several trading pairs saw their capitalization decrease by more than 95% in just one day. Liquidity evaporated as traders quickly liquidated their positions fearing a further decline.

The phenomenon marked the abrupt end of what some had dubbed the “BNB SZN”, a season of speculative euphoria where new meme-inspired tokens had dominated the crypto conversation.

From euphoria to panic

At the peak of the frenzy last Tuesday, more than 100,000 onchain traders had purchased some of these new memecoins from BNB, according to the analysis firm Bubblemaps. At that time, about 70% of the participants were in profit.

Some speculators made extraordinary profits. A single trader reported profits exceeding USD $10,000,000, while about 40 managed to add seven figures. Nearly 900 additional wallets recorded profits greater than USD $100,000.

But the gains faded as quickly as they came. Initial enthusiasm gave way to a massive sell-off, fueled by CZ’s warning and extreme market volatility.

PancakeSwap and the rise of volume

The speculative wave had a notable impact on the general activity of BNBChain. However PancakeSwap, the eldest DEX Within said network, it processed nearly USD $80 billion in transactions during September, its most active month since November 2021.

In the first nine days of October, the exchange had already recorded more than $30 billion in volume, driven in large part by the rise of memecoins. In total, decentralized exchanges (DEX) moved around USD $19,000 million in the last 24 hours, with BNB Chain representing 40% of that total.

Zhao himself acknowledged the phenomenon in a post on Tuesday where he exclaimed “BNB meme szn!”confirming that it was aware of the frenzy seen in the market, but without directly endorsing any project. This simple gesture was enough for many operators to increase their positions in a large number of memecoins that live on said network. Blockchain.

BNB reaches an all-time high

The rise in speculative activity also briefly boosted the price of the native token of Binance. BNB reached an all-time high near USD $1,350 on Tuesday, before falling back to approximately USD $1,239 at the time of publication, once again ranking #4 in the ranking of cryptocurrencies with the largest market capitalization.

Although the episode reflected the vitality of the community and the liquidity of the ecosystem BNB, He also exposed the dangers of social media-driven bubbles and the lack of discernment between personal comments and investment signals.

The correction could serve as a lesson for thousands of novice traders who confused humor with financial recommendations, and for developers who took advantage of the meme fever to launch ephemeral tokens without technical support.

Article written with the help of an AI content writer, edited by Angel Di Matteo / DailyBitcoin

Original image from DiarioBitcoin, created with artificial intelligence, free to use, licensed under Public Domain.

WARNING: DiarioBitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Investments in crypto assets are high risk and may not be suitable for everyone. Do your research, consult an expert and check applicable laws before investing. You could lose all your capital.

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