BNB Chain memecoins take 30%+ tumble: Is Binance’s ‘Meme rush’ over?

BNB Chain’s memecoin rally unraveled after Binance launched “Meme Rush,” exposing liquidity gaps and wallet concentration risks. Is the memecoin season over?

Key takeaways:

Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches.

A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines.

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