BNB Chain Meme Craze: An In-Depth Analysis of Overnight Wealth Creation and Instant Collapse

"My tweets are not endorsements, I am just tweeting normally now - any overlap with Meme coins is purely coincidental." On October 9, this simple statement from Binance founder Zhao Changpeng (CZ) on the X platform instantly cooled down the frenzied Meme coin market on the BNB Chain. Within hours, several popular Meme coins fell by as much as 60% to 95%, with approximately $800 million in market capitalization evaporating in an instant.

Just the day before, CZ casually announced that it was the "BNB Meme Season," with over 100,000 on-chain traders flooding into the market, pushing PancakeSwap's trading volume to a new all-time high.

01 Crazy Data: A Panorama of Meme Coin Frenzy

The meme coin craze on the BNB Chain reached an unprecedented height in early October 2025. According to data, on October 3 alone, the BNB Chain launched platform Four Meme, earning over $1 million (945.76 BNB) in fees, marking the first time the platform reached a seven-figure fee milestone.

This data indicates that the activity of Meme coins on the BNB Chain has entered a heated stage.

Even more surprisingly, the number of tokens created each day in the past two days exceeded 10,000, which is the first time since mid-March 2025. The frenzy of token creation reflects the market's extreme enthusiasm for Meme coins.

The cumulative indicators are even more astonishing: Four Meme has earned over 26,300 BNB in fees, equivalent to approximately 27.8 million USD. Since the platform went live in mid-2024, more than 384,000 tokens have been created.

However, the number of tokens that successfully graduated is only 5,150, with a graduation rate of only 1.34%. This data reveals the harsh truth of the Meme coin market - the vast majority of projects will ultimately fail, with only a very few able to survive.

02 Wealth Effect: The Myth of Wealth Creation through Meme Coin Trading

In this carnival of Meme coins, the most eye-catching are the myths of those who became rich overnight. According to data from the blockchain intelligence platform Lookonchain, a trader "0xd0a2" turned an initial investment of $3,500 into $7.9 million in three days, creating a return of 2,260 times.

Such wealth stories are not unique.

Another trader "hexiecs" earned over $5.5 million by investing in the recently launched Meme coin "4", which saw a sharp increase in price after Binance co-founder Zhao Changpeng posted a tweet on the X platform.

Lookonchain data also shows that other speculators have followed this token, with "brc20niubi" converting an investment of $730,000 into $5.4 million, achieving a 1,200-fold return on investment.

The Bubblemaps blockchain data visualization platform shows that, as of early October, over 100,000 on-chain traders have purchased the new native BNB Meme coin, with about 70% of traders making a profit.

Even more astonishing is that among these 100,000 traders, one address earned over 10 million dollars, 40 addresses earned over 1 million dollars, and 900 traders earned profits of over 100,000 dollars.

03 Ecological Support: Infrastructure and Development of BNB Chain

The BNB Chain can support such large-scale Meme coin trading activities due to its strong technical foundation and完善的生态系统. The BNB Chain processes about 2 million transactions per day, which is 50% higher than in 2024.

Due to its low gas fees (estimated to be around $0.10 per use) and throughput (3,000 TPS), BNB Chain is very suitable for large-scale token creation.

A certain DEX has increased the total value locked (TVL) on the chain, expected to exceed $10 billion by 2025. The upgrade of the BNB Chain network at the beginning of 2025 allows for more high traffic processing, making it possible to create as many tokens as possible recently.

The high throughput of Four Meme is based on the implementation of EIP-7702 (account abstraction) on the BNB Chain, which will be deployed in 2025. This technological upgrade further enhances the network's efficiency and user experience.

The collaboration between BNB Chain and Chainlink integrates the Cross-Chain Interoperability Protocol (CCIP) and Data Streams, enabling developers to access secure cross-chain communication and reliable real-world data.

The improvement of these infrastructures provides a technical foundation for the explosion of Meme coin trading.

04 Star Effect: The Roles of CZ and He Yi

In the wave of Meme coins on the BNB Chain, Binance founder Zhao Changpeng (CZ) and co-founder He Yi played important roles. CZ continually generated topics through high-frequency Twitter interactions, first unexpectedly promoting the educational token TST, and later revealing his dog's name Broccoli, which led to hundreds of Meme coins with the same name emerging.

Defillama data shows that the trading volume on the BNB Chain approached $30 billion in the past week, with a weekly increase of 49.07%, ranking first among major public chains. This growth is closely related to CZ's "shouting order effect."

However, this celebrity effect has also brought about significant controversy. Just minutes before CZ released a picture with the PALU Memecoin logo, a wallet purchased about $100,000 worth of PALU, raising questions about coordinated trading activities.

On October 10th, He Yi, the co-founder of Binance, revealed during an interaction with community users on the X platform that BNB Chain may support similar products to Meme Rush launched by other wallets in the future.

This news has sparked further attention from the community on the expansion of the BNB Chain ecosystem.

He Yi clearly stated: "According to policy requirements, Binance currently does not serve American users." This statement reflects Binance's efforts in regulatory compliance.

05 Risk Exposure: The Bubble and Collapse Behind the Frenzy

On October 9, the Meme coin market on the BNB Chain suffered a "bloodbath." Several popular tokens plummeted over 80% on Thursday, with tokens like Customer Service Xiao He and Binance Car, among others with Chinese names, experiencing declines of up to 90%.

Meanwhile, BNB itself has fallen nearly 6.5% from its historical high of 1357 dollars to around 1246 dollars.

The recent fall occurred after Binance launched the "Meme Rush" launchpad, a new platform in collaboration with Four.Meme, which is only available to Binance wallet users. It was supposed to curb false trading volumes through KYC requirements and a fair issuance mechanism, but unexpectedly triggered a wave of selling.

Traders are selling off their existing tokens in preparation to migrate to a new platform, exposing the fragile nature of the BNB Chain Memecoin ecosystem.

Behind the false prosperity is human manipulation and fake trading. User StarPlatinumSOL claims that a single wallet controlled nearly 39% of the PALU supply at peak periods, while also controlling 23% of Binance Life and 14% of 4 tokens.

This highly concentrated position allows whales to easily manipulate market prices.

What is more concerning is that many Memecoin liquidity pools are extremely weak. The tokens launched on the Fourmeme platform have less than 2.5% of their total supply stored in the liquidity pool.

This structure allows a small amount of funds to drive up market capitalization, but once sell orders increase, it will also accelerate the price fall.

06 Rational Voices: Market Overheating and Investment Warnings

In the face of the frenzy surrounding Meme coins on the BNB Chain, industry authorities have issued warnings. OKX founder Xu Mingxing commented on this, and although he did not directly accuse competitors, he hinted that certain behaviors may exploit human weaknesses.

He stated: "The reason why pyramid schemes persist is that they profoundly understand and exploit the weaknesses of human nature."

Xu Mingxing emphasized that OKX "has never and will not artificially create tokens or manipulate the market," which stands in stark contrast to the phenomena on BNB Chain. This difference may reveal the varying attitudes of the two exchanges towards the Memecoin craze.

According to historical data, the daily token trading volume on the BNB Chain has fallen from around 17 million transactions per day in 2021 to about 5 million transactions currently. Moreover, according to data from BSC Scan, most of the tokens transferred on-chain "are either meme coins or fraudulent tokens."

Many of these tokens are scams designed to lure users into trading to steal funds.

The trading of Memecoins is essentially a highly speculative activity. As one observer put it: "The number of Memecoins is a vanity metric, similar to likes and followers on social media platforms, with no substantive content."

07 Future Outlook: The Future of BNB Chain Meme Coins

Despite recent significant adjustments in the market, the network activity of BNB Chain has reached a milestone high, highlighting the positive impact of the Meme coin craze on network usage.

Driven by the trading of Meme coins, BNB Chain set a record for 50 trillion Gas usage in a single day, processing 24 million exchange transactions in just one day.

PancakeSwap's trading volume reached nearly $80 billion in September, handling $30 billion in transaction volume in the first nine days of October, setting a record for the busiest month since the end of 2021.

As a native token of the network, the price of BNB is influenced by the retreat of Meme coins, falling 2% within 24 hours, retreating from a high of $1,308 to around $1,270. However, technical analysts point out that BNB broke through a long-term diagonal resistance earlier this month, confirming a bullish structural shift.

The market expects BNB to experience a pullback: shallow pullback support is between $1,100 and $1,150; deep support is between $900 and $1,000, close to the trend line and Fibonacci mid-range area.

Despite the short-term risk of a pullback, the mid-term outlook for BNB remains optimistic. The growing network usage, along with mainstream CEX and Trust Wallet adopting a standard Gas fee of 0.05 Gwei, makes on-chain activities faster and cheaper.

The news revealed by He Yi that "the future BNB Chain will support similar Meme Rush products from other wallets" has also brought new imagination space for the expansion of the ecosystem.

Future Outlook

In the midst of intense market fluctuations, BNB Chain still maintains a strong fundamental. Despite the ups and downs of the Meme coin market, BNB Chain set a record of processing 24 million exchange transactions in a single day at the beginning of October, and PancakeSwap processed $30 billion in transaction volume in the first nine days of October.

Technical analysts point out that BNB broke through a long-term diagonal resistance earlier this month, confirming a bullish structure shift.

The future BNB Chain may support more wallet similar Meme Rush products, which will bring more possibilities and broader development space to the ecosystem.