BNB Chain Announces $45 Million airdrop for Active Users
BNB Chain is launching a $45 million “reload airdrop” to reward active users. This comes after a chaotic week in the memecoin market. Many memecoins on BNB Chain lost most of their value, causing notable losses for traders.
The airdrop, a collaboration with Four.meme, will distribute BNB to over 160,000 traders. Despite the financial losses, the team emphasizes its about appreciation, not compensation. The program aims to recognize users who remained engaged during the recent memecoin frenzy.
Following a wild week, dozens of memecoins on BNB Chain lost most of their value.
BNB Chain is launching a $45 million “reload airdrop” to reward active users. This comes after a chaotic week in the memecoin market. many memecoins on BNB Chain lost most of their value, causing significant losses for traders.
The airdrop,a collaboration with Four.Meme, will distribute BNB to over 160,000 users who traded memecoins in recent days, the X post reads. The airdrops will start rolling out this week and finish by early November.
BNB Chain said the move was designed to “show appreciation for our users and builders, especially the memecoin community.” however, in a follow-up post, the team clarified what the project is really about: “This initiative focuses on supporting users who experienced losses while trading memecoins during the recent market volatility.”
In commentary to crypto.news, a spokesperson for BNB Chain said the airdrop is an action to show “community appreciation, not compensation,” adding that the initiative is “not a reimbursement program.” “It is indeed not an incentive for risky behavior, but a way to recognise and assist users who remained active despite recent market volatility. In regards to wallet selection, the teams will publish more details soon.”
The initiative comes after a stunning run — and equally sharp collapse — in the BNB chain’s memecoin space. Over the past week,traders piled into new tokens like “4,” a memecoin that exploded after Binance co-founder Changpeng Zhao retweeted a meme about it.
Some wallets turned a few thousand dollars into millions within days. One trader reportedly flipped $3,500 into $7.9 million. As crypto.news reported, Four.Meme in a moment even generated $1.4 million in daily revenue
