Binance airdrops $45M in BNB to memecoin traders hit by market crash

The compensation plan marks Binance ecosystem’s biggest user relief effort yet following the crypto market wipeout of about $20 billion.

BNB Chain has launched a $45 million “reload airdrop” aimed at compensating users who suffered losses trading memecoins during Friday’s market crash.

The initiative will distribute BNB (BNB) tokens to more than 160,000 eligible addresses, the network said Monday. Aidrops will begin this week and be completed by early November.

BNB Chain is a blockchain network developed by Binance that is now maintained by a decentralized community. It powers the ecosystem’s native BNB token and supports applications across DeFi, gaming and digital assets.

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