Emily Vuong
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🔍 BNB Meme Coin Crash – Are Chinese bubbles deflating?
▶️ The excitement for memecoins on the BNB Chain is gradually cooling down. In the past 24 hours, the hottest tokens like Binance Life, Customer Service Xiao He, PUP, and Haki Mi have all dropped from -81% to -96%, wiping out hundreds of millions of USD in market capitalization.
▶️ According to Lookonchain, a Chinese whale spent 4.54 million USD to accumulate the 4 memecoins mentioned above, currently at a loss of more than 1.2 million USD that has yet to be realized:
➕Binance Life: invested 2.555 BNB (~$3.3M), loss ~$439K.
➕Customer Service Xiao He: 760 BNB (~$993K), loss ~$700K.
➕PUP and Haki Mi: lost nearly 50% of their value in just two days.
💥 Before the adjustment, these tokens were once symbols of the "Chinese story" in the memecoin market:
➕Binance Life reached a market cap of ~$500M, ranking among the top new tokens on the BNB Chain.
➕PALU once surged +1693% and was listed on Binance Alpha, pushing expectations for the "BNB Meme Season" to its peak.
🚨 However, funds are being withdrawn rapidly.
Liquidity is thin, small holders are dumping their assets, and the number of active wallets has decreased by more than 40% in just 3 days, according to BscScan data.
👉Whales are reallocating capital to earlier-stage memecoins in the Meme Rush – Four.Meme, indicating that the flow of funds has not left the BNB ecosystem, but is shifting to other channels that are perceived as "safer" within Binance.
▶️ The excitement for memecoins on the BNB Chain is gradually cooling down. In the past 24 hours, the hottest tokens like Binance Life, Customer Service Xiao He, PUP, and Haki Mi have all dropped from -81% to -96%, wiping out hundreds of millions of USD in market capitalization.
▶️ According to Lookonchain, a Chinese whale spent 4.54 million USD to accumulate the 4 memecoins mentioned above, currently at a loss of more than 1.2 million USD that has yet to be realized:
➕Binance Life: invested 2.555 BNB (~$3.3M), loss ~$439K.
➕Customer Service Xiao He: 760 BNB (~$993K), loss ~$700K.
➕PUP and Haki Mi: lost nearly 50% of their value in just two days.
💥 Before the adjustment, these tokens were once symbols of the "Chinese story" in the memecoin market:
➕Binance Life reached a market cap of ~$500M, ranking among the top new tokens on the BNB Chain.
➕PALU once surged +1693% and was listed on Binance Alpha, pushing expectations for the "BNB Meme Season" to its peak.
🚨 However, funds are being withdrawn rapidly.
Liquidity is thin, small holders are dumping their assets, and the number of active wallets has decreased by more than 40% in just 3 days, according to BscScan data.
👉Whales are reallocating capital to earlier-stage memecoins in the Meme Rush – Four.Meme, indicating that the flow of funds has not left the BNB ecosystem, but is shifting to other channels that are perceived as "safer" within Binance.
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