BNB Meme Coins Slide As CZ Says Tweets Are Not Endorsements

BNB Chain meme cash plummeted after Binance founder Changpeng Zhao (CZ) stated that his posts on X shouldn’t be seen as endorsements.

4, which soared to a brand new all-time excessive (ATHs) throughout the current frenzy, has slumped over 22% within the final 24 hours, based on 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 stated in an X publish that he tried to keep away from posting content material associated to meme cash on-line, however added that this was “unimaginable” on condition that there are “too many” of those tokens out there.

”For a short time, I attempted avoiding meme associated content material in my tweets,” he stated. “Now I simply tweet usually, any overlap to memes is coincidental, not endorsement.”

Good recommendation 👇

For a short 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 publish by X consumer “Yazan,” who warned of the dangers of meme cash. 

“CZ saying a phrase doesn’t routinely imply it is best to search for a meme coin with that phrase and purchase it,” wrote Yazan, who added that he’s “very assured “ that CZ “shouldn’t be hinting at something when he says one thing.”

CZ’s reply follows an Oct. 7 publish wherein 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, information 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 in a position to generate over $10 million in revenue, whereas one other 40 achieved earnings exceeding $1 million. 9 hundred extra merchants noticed good points of over $100K.

CZ Says Folks Give Him Too A lot Credit score For Market Strikes

In a follow-up publish on X, CZ stated 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 stated. “I didn’t do something. Was busy all day.”

Was in IRL conferences all day at this time in Bahrain🇧🇭, together with one on stage hearth chat.

What a blood tub in crypto at this time! Not too positive what occurred, however I believe it began with FUD (false information) about Alpha not going to listing 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 (Concern, Uncertainty, and Doubt) and faux information that Binance Alpha was not going to listing sure cash sooner or later. 

“However the FUD already carried out its harm,” he wrote. “That is the unlucky energy of FUD when sufficient folks get fooled by it.”

Some within the crypto group have proven their assist for CZ, who they are saying is being focused by FUD spreaders. Nonetheless, the Binance co-founder stated that he’s not too involved. 

One other particular person advised that the FUD round CZ will go away quickly earlier than jokingly including that it’ll probably return subsequent week.

If there’s FUD about CZ …simply wait till tomorrow, will probably be gone. Repeat the subsequent week. 🙂

— Bruce Fenton (@brucefenton) October 9, 2025

CAKE And BNB Additionally Tumble

CAKE, the native token of decentralized trade PancakeSwap that facilitated huge buying and selling volumes on BNB ecosystem throughout the frenzy, is down 2% after CZ confirmed that his posts will not be endorsements. 

The meme coin frenzy helped hearth BNB to a brand new ATH of $1,336.57 on Oct. 7, nevertheless it has since misplaced 6%.

BNB worth (Supply: CoinMarketCap)

Following a greater than 2% drop previously 24 hours, BNB trades at $1,251.77 as of seven:01 a.m. EST. It’s nonetheless up 41% previously month.

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