A number of crypto influencers blamed Binance founder Changpeng Zhao for nuking an extended listing of memecoins this week after he unveiled a BNB Chain memecoin launchpad referred to as Meme Rush.
At the moment, he disclaimed accountability for being the focus within the first place, though he declined to appropriate the document about which teams would have permission to purchase launchpad memecoins by way of Meme Rush on the lowest market capitalizations.
“I just tweet normally,” Zhao claimed. “Any overlap to memes is coincidental, not endorsement.”
Merchants posted a sea of purple share adjustments throughout BNB memecoin leaderboards and condolences for struggling merchants.
Many appeared for explanations as to why Zhao’s backpedaling submit had such disastrous penalties for the speculative area of interest.
To grasp how a single individual may nuke a buying and selling season, we’d like to concentrate on Zhao’s rise to prominence amongst memecoin merchants. Certainly, a confluence of things contributed to a buying and selling frenzy on the blockchain he based, BNB Chain.
CZ in all probability simply cooked this whole BSC szn with that new Launchpad announcement
Most BNB cash are dumping arduous, and individuals are waking as much as baggage getting completely nuked.
Each time we’re lastly having enjoyable on BNB, CZ pulls some bizarre stuff like Broccoli
Internet unfavorable for BNB… pic.twitter.com/72tI1vJ0Ek
— KashKysh ❄️ (@KashKysh) October 9, 2025
The sudden reputation of BNB memecoins
First, his blockchain’s proprietary token, BNB, hit an all-time excessive yesterday and briefly surpassed tether (USDT) to turn out to be the world’s third-largest crypto asset above $180 billion.
12 months up to now, BNB has soared 72% — greater than every other high 20 coin.
Second, Binance launched a wide range of packages to help memecoins, together with Meme Rush, a partnership with memecoin launchpad and Pump.enjoyable competitor 4.Meme, in addition to Binance Pockets help for “exclusive early access to meme token launches.”
Binance Alpha can be contributing to this season’s daytrading frenzy. This system is a manner to purchase memecoins throughout the Binance Pockets app and Binance Alpha 2.0 will combine buying and selling of memecoins on Binance’s primary trade.
Zhao additionally contributed to the rising variety of BNB memecoins by supporting Aster, a Hyperliquid competitor that provides spot buying and selling and extremely leveraged, perpetually-rolling futures contracts or “perps” with restricted registration and KYC necessities.
Internet unfavorable for BNB merchants
Lastly, Zhao himself has been on the middle of affect. Virtually by the day, merchants would commerce memecoins primarily based on single phrases or pictures posted by the billionaire — even with out his specific endorsement.
By September, crypto merchants have been calling Zhao the principle character on X, noticing his virality and contemplating modifying their buying and selling hours to accommodate his sleep schedule.
After he nuked many BNB memecoins yesterday, Zhao quote-tweeted a disclaimer by a frontrunner of Aster, the BNB Chain memecoin trade that his household workplace YZI Labs backed.
Aster’s chief cautioned towards quite a few harmful traits that had turn out to be common amongst BNB memecoin merchants: giving parts of latest memecoins to Zhao’s pockets as a technique to feign credibility, or parsing his posts for a phrase to “look for a memecoin with that word and buy it.”
Though the warning earned over 1.2 million impressions, its timing appeared to be late.
“Every time we’re finally having fun on BNB, CZ pulls some weird stuff,” one dealer reacted. “Net negative for BNB traders. No other way to put it.”
