post<\/a>.<\/p>\n\u201cBeware that official accounts do not endorse any specific memes,\u201d he added.<\/p>\n
Cases of hackers promoting fake meme coins on official social media accounts have become a regular occurrence in the crypto space. Most recently, the BNB (BNB) Chain X account was hacked to promote a BNB meme coin disguised as an airdrop event.<\/p>\n
<\/p>\n
The hacker pooled user\u2019s funds into the \u201c4\u201d meme coin before executing a rug-pull and profiting $4,000 from the remaining tokens. The BNB community noticed and proceeded to mock the hacker by pumping the token\u2019s price up by 500% before letting it drop exponentially.<\/p>\n
\u201cInterestingly, after the hacker dumped ALL his tokens for a $4k gain, the community took over and bought the meme coin higher, as a mock to the hacker. Funniest come back by the community!\u201d said CZ.<\/p>\n
A similar incident happened with the Chinese PancakeSwap X account, which got hacked on Oct 8. The hacker used the account to promote a meme coin dubbed \u201cSir Pancake,\u201d which reportedly reached a trading volume of $20 million shortly after it was launched.<\/p>\n
Other large accounts un-related to crypto have also fallen victim to hacks linked to meme coins. At the end of 2024, Canadian rapper Drake\u2019s X account was hacked to promote a fake meme coin called ANITA which surged to $4.9 million in trading volume, as traders believed it was tied to Drake\u2019s upcoming tour.<\/p>\n
Later in February 2025, the luxury fashion brand Dior also got hacked to promote a fake DIOR meme coin launched on Pump.fun. Within minutes after the post was shared, the token\u2019s value skyrocketed by 138% and its trading volume soared to more than $1 million.<\/p>\n
<\/p>\n
CZ\u2019s stance on meme coins<\/h2>\n
Overall, CZ has maintained a nuance stance on meme coins; as he has neither fully endorsed not condemned them. However, he has previously emphasized caution and a preference for utility in past social media posts.<\/p>\n
As of late, the BSC ecosystem has seen a boom in meme coin trading and creation, as the blockchain\u2019s DEX trading volume received a major boost from meme coin launchpads like Four.Meme and PancakeSwap. In fact, the BNB Chain meme coin launchpad Four.Meme succesfully managed to briefly dethrone Pump.fun (PUMP) in 24-hour revenue earlier this month.<\/p>\n
CZ acknowledged the meme coin boom on BNB, indicating that he was surprised by the recent development, considering Solana (SOL) meme coins have often been the ones leading the charge. Now, BNB meme coins are starting to pick up speed.<\/p>\n
\u201cI didn\u2019t expect this at all. And people keep asking me to predict the future\u2026 Keep building!\u201d he said in a post celebrating what he called the \u201cBNB meme season.\u201d<\/p>\n
Back in February this year, CZ had commented on the meme coin ecosystem in BNB Smart Chain. He viewed it as \u201cimmature\u201d as the system struggled to handle the surge in meme coin activity that erupted after many traders began launching dog-themed meme coins on the platform, mostly inspired by CZ\u2019s pet dog named Broccoli.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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