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BNB Meme Coins Crash Up to 95% After CZ Dismisses ‘Endorsement’ Claims
Yahoo Finance· 2025-10-09 20:17
BNB Chain’s meme coin rally has come to a sudden halt, with several tokens plunging between 60% and 95% in the past 24 hours. The sharp downturn followed a statement from Binance founder Changpeng “CZ” Zhao, who clarified that his social media posts should not be taken as trading signals or endorsements. Zhao’s comments came in response to a post by trader YazanXBT, who warned users that naming tokens after CZ or sending coins to his wallet would not reduce trading risks. “My tweets are not endorsements, ...