BNB Chain meme coins have crashed by as much as 90% in the past day, erasing millions in investor capital as the Chinese meme bubble bursts.
Rapid losses have left traders questioning whether these meme coins offer sustainable upside or are just speculative traps.
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BNB Meme Coins Plunge As ‘BNB Meme Szn’ Collapses
In October, many BNB-based meme coins experienced explosive rallies. For instance, PALU pumped 1,693% after getting attention from Binance founder CZ and securing a listing on Binance Alpha.
Furthermore, 币安人生 (Binance Life) coin saw its market value peak at $500 million yesterday. Another coin, ‘4,’ also gained over 600x amid what the community called the ‘BNB meme szn.’
However, the momentum appears to have reversed now. The BNB meme coin market has endured a dramatic collapse, with most tokens dropping around 90% in just 24 hours. The sudden collapse has triggered widespread criticism from the community.
“Not only we were at the crypto top, stocks ath, you have BNB memes rugging the last bit of liquidity. Tell me why are going to dump,” an analyst wrote.
Moreover, while the rapi
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Author: Harsh Notariya
