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BNB Chain meme coins fell after Binance founder Changpeng Zhao (CZ) said his posts on X should not be taken as endorsements.
4, which hit a new all-time high (ATH) during the recent frenzy, has fallen more than 22% in the past 24 hours, according to CoinMarketCap.
Among other prominent names, Palu (PALU) slipped more than 14%. and GIGGLE dipped before rebounding to trade 3% lower. Many others BNB tokens have lost more than 20% of their value.
CZ says his posts are not financial advice
CZ said in an X article that he had tried to avoid posting content related to meme coins online, but added that it was “impossible” given that there were “too many” of these tokens on the market.
“For a brief period, I tried to avoid meme-related content in my tweets,” he said. “Now I tweet normally, any overlap with memes is a coincidence and not an endorsement.”
Good advice 👇
For a brief period, I tried to avoid meme-related content in my tweets. Impossible. There are too many memes and it makes my writing unnatural.
Now I tweet normally, any overlap with memes is a coincidence and not an endorsement.
– CZ 🔶BNB (@cz_binance) October 8, 2025
CZ was responding to a post from user X “Yazan,” who warned of the risks of meme coins.
“CZ saying a word does not automatically mean you should look for a coin with that word and buy it,” wrote Yazan, who added that he was “very confident” that CZ “isn’t hinting at anything when he says something.”
CZ’s response follows an October 7 response job in which he declared the start of a BNB coin season.
This is when the prices of tokens in the BNB ecosystem skyrocketed. At the height of the frenzy, more than 100,000 on-chain traders had purchased new BNB meme coins, with around 70% of traders making profits, according to data from Bubblemaps.
BNB memecoin szn is real
Over 100,000 on-chain traders have purchased new memecoins, and 70% of them are making profits:
• 1 won over $10 million
• 40 of them won more than $1 million
• 900 people won more than $100,000
• 6,000 people won more than $10,000
• 21,000 people won more than $1,000– Bubblemaps (@bubblemaps) October 7, 2025
One of the traders even managed to generate more than $10 million in profits, while 40 others made profits exceeding $1 million. Nine hundred additional traders made gains of over $100,000.
CZ says people give him too much credit for market moves
In a follow-up post on
“People often give me too much credit, in good times and bad,” he said. “I didn’t do anything. I was busy all day.”
I was in IRL meetings all day today in Bahrain🇧🇭, including a fireside chat on stage.
What a bloodbath in crypto today! I’m not too sure what happened, but I think it started with the FUD (fake news) that Alpha wouldn’t list certain parts in the future, which soon turned out to be the case…
– CZ 🔶BNB (@cz_binance) October 9, 2025
He also speculated that the price drop could have been due to FUD (fear, uncertainty and doubt) and fake news that Binance Alpha was not going to list certain coins in the future.
“But FUD has already done damage,” he writes. “That’s the unfortunate power of FUD when enough people fall for it.”
Some members of the crypto community have shown their support for CZ, who they believe is being targeted by FUD spreaders. However, the Binance co-founder said he is not too worried.
Another person suggested that the FUD around CZ would disappear soon before jokingly adding that it would probably return next week.
If there is any FUD about CZ…wait until tomorrow, it will be gone. Repeat the following week. 🙂
– Bruce Fenton (@brucefenton) October 9, 2025
CAKE and BNB also collapse
CAKE, the native token of the decentralized exchange PancakeSwap which fwhich facilitated massive trading volumes on the BNB ecosystem during the frenzy, is down 2% after CZ confirmed his posts were not endorsements.
The meme coin frenzy helped propel BNB to a new ATH of $1,336.57 on October 7, but it has since lost 6%.
BNB Price (Source: CoinMarketCap)
After falling more than 2% in the last 24 hours, BNB is trading at $1,251.77 as of 7:01 a.m. EST. That’s still up from 41% last month.
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