Binance Coin (BNB) has fallen sharply this week, sliding 5% prior to now 24 hours and over 12% within the final seven days, as new rip-off alerts and a high-profile memecoin rug pull shake confidence within the BNB Chain ecosystem. The token presently trades round $1,060, marking its lowest stage in practically a month.
The downturn comes as Binance co-founders Changpeng “CZ” Zhao and Yi He warn traders a couple of wave of phishing scams and faux memecoin airdrops spreading via social media.
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CZ and Yi He Sound the Alarm
CZ took to X to challenge a direct warning, “Official accounts don’t endorse any explicit memecoin.” He cautioned customers towards interacting with suspicious contract addresses or promotional posts, noting that scammers more and more exploit verified profiles to seem legit.
Yi He echoed these issues, reminding merchants that duty additionally lies with customers. “Please, whereas everyone seems to be doing on-chain investments, additionally take duty to your personal actions,” she acknowledged.
The current “Sir Pancake” rip-off, a pretend token that generated $20 million in quantity earlier than collapsing, exhibits the dimensions of the issue. Information means that roughly 2.5% of recent tokens launched on BNB Chain since 2022 have exhibited scam-like habits, usually disappearing inside hours of launch.
BNB's value traits to the draw back on the each day chart. Supply: BNBUSD on Tradingview
Meme-Coin Frenzy Assessments Binance Coin (BNB) Traders
BNB Chain has change into a hub for meme coin hypothesis, however with enthusiasm comes threat. The most recent wave of exploits exhibits that even platforms with sturdy safety reputations stay susceptible when hype outpaces due diligence.
Tokens launched on the BNB Chain have produced huge positive aspects, one dealer transformed $3,500 into practically $7.9 million in simply days. That frenzy has fueled ecosystem exercise and attracted speculative capital, nevertheless it has additionally uncovered Binance Coin (BNB) and its holders to heightened threat.
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Binance Coin (BNB) noticed its bullish momentum attain new heights earlier this cycle, with some analysts projecting a run towards $1,500 and past. A current forecast recommended BNB might hit as much as $1,610.44 at its peak. BNB did certainly register a recent all-time excessive above $1,200 in early October 2025.
Nonetheless, the euphoria has cooled as broader market situations turned bitter and infrastructure points crept in. Binance Coin has slipped again towards $1,100 because the crypto market pulled again, and the BNB Chain confronted a number of disruptions, together with rip-off tasks which have considerably uncovered BNB traders.
Cowl picture from ChatGPT, BNBUSD chart from Tradingview