BNB Chain Drops $45M Airdrop to Aid Meme Coin Traders

The program, labeled a “reload airdrop”, will deliver BNB

BNB


$1,170.71



tokens to over 160,000 users who meet specific criteria. Distributions are expected to begin within the week and finish by early November.

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

CAKE


$3.37



, Binance Wallet, Trust Wallet, and Four Meme, will help ensure the tokens reach those eligible.

BNB Chain, which started as a project by Binance

$17.95B



but is currently run by a decentralized network of contributors, is the backbone of the BNB token and supports a range of apps, including those in decentralized finance (DeFi), blockchain-based games, and digital assets.

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.