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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.
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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.