Traders blame CZ for ending BNB memecoin season
Several crypto influencers blamed Binance founder Changpeng Zhao for nuking a long list of memecoins this week after he unveiled a BNB Chain memecoin launchpad called Meme Rush. According to some interpretations of the news, Meme Rush would give users who passed know your customer (KYC) checks the earliest access to buy at the best, pre-bonding curve prices. Today, he disclaimed responsibility for being the center of attention in the first place, although he declined to correct the record about which groups would have permission to buy launchpad memecoins via Meme Rush at the lowest market capitalizations. “I just tweet normally,” Zhao claimed. “Any overlap to memes is coincidental, not endorsement.” Traders posted a sea of red percentage changes across BNB memecoin leaderboards and condolences for suffering traders. Many looked for explanations as to why Zhao’s backpedaling post had such disastrous consequences for the speculative niche. To understand how...