BNB Meme Cash Slide As CZ Says Tweets Are Not Endorsements

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

4, which soared to a brand new all-time excessive (ATHs) in the course of the latest frenzy, has slumped over 22% within the final 24 hours, in line with 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 mentioned in an X submit that he tried to keep away from posting content material associated to meme cash on-line, however added that this was “unattainable” provided that there are “too many” of those tokens available in the market.

”For a short time, I attempted avoiding meme associated content material in my tweets,” he mentioned. “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 submit by X person “Yazan,” who warned of the dangers of meme cash.

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

CZ’s reply follows an Oct. 7 submit 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, knowledge 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 capable of generate over $10 million in revenue, whereas one other 40 achieved income exceeding $1 million. 9 hundred extra merchants noticed features of over $100K.

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

In a follow-up submit on X, CZ mentioned he was busy with in-person conferences in Bahrain when BNB meme coin costs began to drop.

“Individuals usually give me an excessive amount of credit score, in good occasions and dangerous,” he mentioned. “I didn’t do something. Was busy all day.”

Was in IRL conferences all day as we speak in Bahrain🇧🇭, together with one on stage fireplace chat.
What a blood tub in crypto as we speak! Not too positive what occurred, however I believe it began with FUD (false information) about Alpha not going to checklist 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 worth drops may have been pushed by FUD (Worry, Uncertainty, and Doubt) and pretend information that Binance Alpha was not going to checklist sure cash sooner or later.

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

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

One other individual instructed that the FUD round CZ will go away quickly earlier than jokingly including that it’s going to probably return subsequent week.

If there’s FUD about CZ …simply wait till tomorrow, it is going to be gone. Repeat the following week. 🙂
— Bruce Fenton (@brucefenton) October 9, 2025

CAKE And BNB Additionally Tumble

CAKE, the native token of decentralized change PancakeSwap that facilitated huge buying and selling volumes on BNB ecosystem in the course of the frenzy, is down 2% after CZ confirmed that his posts usually are not endorsements.

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

BNB price