BNB memecoins dominated October, surpassing Solana’s Pump.fun in token launches and trading activity.
BNB hit new all-time highs above $1,300 despite market turbulence.
Binance faced scrutiny for its oracle pricing system during the $19B liquidation event.
Aster DEX’s data controversy raised transparency concerns but didn’t slow user engagement.
Overall, BNB turned “Uptober” into a breakout month, reshaping market narratives around memecoins and DeFi performance.
Bitcoin has traditionally thrived in October, but this year, BNB (Binance Coin) stole the show. While Bitcoin’s optimism faded due to global trade tensions and political gridlock in Washington, BNB surged to record highs twice during the month.
At its peak, BNB soared above $1,300, fueled by explosive memecoin trading on the BNB Chain and increased activity on Binance’s decentralized exchange ecosystem. Even after a slight pullback, BNB remained up over 6% for the month, a rare gain in a bearish market.
Yet, behind the price action, Binance faced renewed criticism over its role in the historic $19 billion crypto market liquidation, raising questions about centralized exchange reliability and pricing accuracy.
For years, Solana has reigned supreme in the memecoin space, largely thanks to the viral success of its token launchpad Pump.fun. But in early October, the landscape shifted dramatically.
A viral moment occurred when Binance co-founder Changpeng Zhao (CZ) shared a post about a BNB-based memecoin. Within days, BNB memecoins exploded in popularity, turning small wallets into million-dollar accounts.
By October 8th, BNB Chain’s Four.meme had surpassed Solana’s Pump.fun, capturing over 83% of new token launches and even overtaking its daily revenue.
According to Bubblemaps, more than 100,000 traders joined the BNB memecoin rush, with 70% realizing profits in the early wave.
Source: X (@bubblemaps)
This surge also boosted BNB Chain’s fundamentals, as BNB Chain led all blockchains in transaction fees and ranked second in active addresses, despite an overall market downturn.
BNB’s bullish momentum coincided with controversy. Following the massive liquidation event that wiped out $450 billion in crypto market cap, analysts and traders accused Binance’s oracle pricing system of contributing to the chaos.
Delphi Digital’s Trevor King explained that Binance’s price oracles used spot market prices rather than redemption values for wrapped assets like wBETH, BNSOL, and USDe.
This mispricing made collateral appear weaker, amplifying liquidation pressure across multiple platforms. Binance denied any wrongdoing, attributing the market crash to macroeconomic factors.
The crypto exchange did, however, acknowledge technical glitches and distributed $283 million in compensation to affected users.
While the centralized exchange battled scrutiny, its decentralized counterpart, Aster, was making headlines of its own.
On October 6th, Aster became the top perpetual DEX, recording over $41 billion in 24-hour trading volume, briefly surpassing even industry leaders.
However, DefiLlama later delisted Aster due to concerns about the integrity of its reported metrics. Although it was later reinstated, questions remain about data transparency and volume authenticity, raising eyebrows across the DeFi community.
Source: X (@0xngmi)
Despite controversy, BNB memecoins and the broader BNB Chain ecosystem have transformed a sluggish crypto month into a major success story.
As Bitcoin stumbles through one of its weakest Octobers in over a decade, BNB’s combination of memecoin mania, DeFi innovation, and strong user engagement has pushed the network to new heights.
Even amid regulatory and technical scrutiny, BNB Chain continues to lead in transaction fees and on-chain participation, demonstrating the growing resilience of Binance’s ecosystem.
BNB memecoins are community-driven tokens launched on the BNB Chain, often inspired by internet culture. Their rapid growth in October 2025 drove record trading activity and on-chain fees.
BNB benefited from a surge in memecoin launches, DeFi activity, and user engagement through platforms like Four.meme and Aster, while Bitcoin faced broader market headwinds.
While some analysts blamed Binance’s oracle pricing issues, the exchange attributed the sell-off to external economic pressures. Binance compensated affected users with $283 million.
If user interest and trading volume remain strong, BNB memecoins could continue to fuel growth across the Binance ecosystem, potentially rivaling Solana’s dominance in the memecoin sector.
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