- BNB Chain is distributing $45 million in BNB tokens to recent memecoin traders through an airdrop.
- Over 160,000 wallet addresses are eligible for the rewards, according to an official announcement.
- The airdrop is a response to record losses in memecoins and will be completed by early November 2025.
- Memecoins on BNB Chain experienced major declines after a $19 billion crypto market crash linked to trade policy news.
- BNB Chain aims to strengthen its user base and keep up with competing blockchains like Solana, which also benefited from memecoin trading activity.
BNB Chain developers announced on Monday a $45 million airdrop in BNB tokens for users who traded memecoins on their blockchain over the past week. The initiative was launched after a sharp downturn in the crypto market that saw significant losses for memecoin holders.
In an official statement, BNB Chain acknowledged recent market instability and said the airdrop is meant as a gesture of appreciation for users and builders, especially those in the memecoin community. Over 160,000 addresses will receive part of the fund, with initial distributions starting this week and all airdrops completed by early November 2025.
Details on how the $45 million will be divided are unclear. If all qualifying addresses receive equal amounts, each would get about $281 in BNB tokens. Last week, the crypto market saw its largest-ever liquidation event when $19 billion worth of leveraged positions were wiped out. This market crash was triggered by news of a 100% tariff on Chinese imports announced by former President Donald Trump. Memecoins—cryptocurrency tokens often linked to internet memes or jokes—were among the most affected assets.
Despite the downturn, BNB, the primary token of BNB Chain, has recovered and is trading 3.7% higher for the week at $1,271. The airdrop comes as BNB Chain seeks to boost its presence in the memecoin sector. Other blockchains like Solana have seen large gains from memecoin trading, and BNB Chain is encouraging use of its own memecoin platform, Four.meme.
Recent activity includes high-profile memecoins like Binance Life, which briefly reached a $524 million market value after posts from Binance founders Changpeng Zhao and Yi He, but then dropped 64% from its peak. BNB Chain, which was launched by Binance in 2020, uses its own validators but is sometimes criticized for its links to the Binance exchange and its founders. A Forbes investigation estimated that Zhao holds approximately 94 million BNB, or about 64% of the total supply.
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