Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁
BNB Chain Drops $45 Million Airdrop to Aid Meme Coin Traders
Key Takeaways
- BNB Chain is launching a $45 million "reload airdrop" to help over 160,000 meme coin traders who faced losses during a recent price drop;
- BNB tokens will be distributed randomly, with support from ecosystem partners like PancakeSwap, Binance Wallet, and Trust Wallet;
- Binance confirmed its systems remained stable during the crash and blamed the price drop on old limit orders and low trading activity.
BNB Chain has introduced a $45 million token giveaway to support users impacted by the meme coin price drop.
The program, labeled a "reload airdrop", will deliver BNB
According to an October 13 post on X from Changpeng Zhao, the BNB rewards will be shared randomly.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
How to Pick the Right DeFi dApp? (Dos and Don’ts Explained)
Several partners in the ecosystem, such as PancakeSwap
BNB Chain, which started as a project by Binance
On October 12, Binance also addressed community concerns through a public statement about the recent market instability. The platform confirmed that a full system check showed its core futures services were stable and continued to work during the sell-off.
It explained that the sudden fall in prices for some tokens was mostly due to older limit orders being triggered during a time when there was very little trading activity.
On October 8, a new $1 billion fund was announced by Zhao's investment firm, YZi Labs. What is the aim of the funding? Read the full story.