BNB Chain to airdrop $45m to 160,000 memecoin traders

Core Insights - BNB Chain is distributing $45 million worth of BNB tokens to memecoin traders as a response to recent market turbulence [1][2] - Over 160,000 addresses are eligible for the airdrop, with distributions expected to be completed by early November 2025 [2] - The recent crypto market crash saw $19 billion in leveraged trades liquidated, significantly impacting memecoins [3][4] BNB Chain and Memecoins - Memecoins, which are often based on humor or popular culture, were severely affected by the market downturn, but BNB has shown resilience with a 3.7% increase in value [4] - BNB Chain is launching its own memecoin platform, Four.meme, aiming to replicate the success seen on the Solana blockchain [5] - The recent rise and fall of a Mandarin-named memecoin, Binance Life, highlights the volatility and speculative nature of memecoins [6] Relationship with Binance - BNB Chain was developed by Binance in 2020, and the exchange's infrastructure supports the growth of BNB Chain projects [7]