Binance Coin (BNB) Extends Pullback as Meme-Coin Rug Pulls Sting BNB Chain

NewsBTC•Tuesday, October 21, 2025 at 8:00:46 PM

Binance Coin (BNB) is facing a significant downturn, having dropped 5% in just 24 hours and over 12% in the past week, now trading at its lowest point in nearly a month. This decline is largely attributed to recent scam alerts and a notable rug pull involving a popular memecoin, which has shaken investor confidence in the BNB Chain ecosystem. Binance co-founders Changpeng Zhao and Yi He have issued warnings about increasing phishing scams and fraudulent memecoin airdrops circulating on social media, highlighting the risks investors face in the current market.

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