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    Home ยป Fever for Chinese memecoins on the BNB Chain is creating new millionaires with CZ’s backing

    Fever for Chinese memecoins on the BNB Chain is creating new millionaires with CZ’s backing

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    By ethan on October 8, 2025 Blockchain News, News, Price Analisys
    Central trader at a stylish desk, glowing BNB Chain circuit, memecoins raining down and a subtle CZ badge.
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    A wave of Chinese memecoins on the BNB Chain has unleashed a speculative frenzy this October 8th. The phenomenon, driven by comments from the influential Changpeng Zhao, has caused trading volumes to soar across the ecosystem. The activity has been remarkable, as noted in statements from CZ on his official X (formerly Twitter) account, where he highlighted the network’s capacity to handle this demand.

    The epicenter of this activity is on decentralized exchanges like PancakeSwap. There, tokens with Chinese themes have recorded exponential increases in a matter of hours. For instance, some assets have seen growth exceeding 1,000%, attracting thousands of investors seeking quick profits. Furthermore, transaction volumes for these specific pairs have surpassed several million dollars, demonstrating the capital rapidly moving into these high-risk, high-reward opportunities. This boom is characterized by rapid launches and strong community engagement on social media.

    The ‘CZ Effect’ and the Rise of Themed Tokens

    This phenomenon is no coincidence. It aligns with the continuous effort from figures like CZ to position the BNB Chain as an efficient and competitive alternative to other networks like Solana or Ethereum. The network offers low transaction costs, which facilitates speculation with low-unit-value assets such as memecoins. Unlike other networks with higher fees, its agility allows traders to enter and exit positions quickly. This structure is ideal for the virality that characterizes the meme cryptocurrency market, where speed is a crucial factor in capitalizing on trends.

    The endorsement, even if indirect, from such a prominent figure as CZ acts as a powerful catalyst. His comments on the efficiency and growth of the BNB Blockchain ecosystem are interpreted as a sign of confidence by the community. This creates a feedback loop: media attention attracts more speculators, which in turn drives up prices and volumes, validating the initial narrative of a booming ecosystem.

    New Millionaires or a Speculative Bubble?

    The market impact is a double-edged sword. On one hand, the ‘new millionaires’ narrative attracts significant liquidity and renews interest in the BNB Chain ecosystem. This can have a positive effect on the price of the BNB token itself, as it is needed to pay for gas fees. However, for investors, this represents a scenario of extremely high risk. Volatility is extreme, and the possibility of abrupt losses, known as rug pulls, is as real as that of making profits. Experts warn about the lack of solid fundamentals and long-term use cases in most of these projects.

    The current fever for Chinese memecoins on the BNB Chain underscores the cyclical and highly speculative nature of the crypto market. While endorsements from influential figures can create fortunes overnight, they also amplify the associated risks. The sustainability of this trend is uncertain and will depend on the continued influx of speculative capital into the ecosystem. Market participants will be watching to see if this momentum is sustained in the short term or if it fades as quickly as it appeared, leaving behind both winners and losers.

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    ethan

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