Binance’s launchpad for memecoins, ‘Meme Rush’, aimed to introduce fairer launches and curb fake trading, but triggered a sell-off across the BNB chain. The sudden price drops, exceeding 30%, were fueled by high concentration among top wallets and low liquidity. Key takeaways include: Binance’s new ‘Meme Rush’ platform launched with hopes of fostering fair launches and curbing manipulative behavior. However, this initiative led to a significant sell-off across various memecoin projects on the BNB Chain, causing prices to plunge by more than 30%. The sell-off was driven by factors including low liquidity, inflated trading volumes, and concerns about concentration among top wallets. This crash raised questions about the sustainability of the BNB chain’s memecoin boom. Some analysts speculate that the frenzy is fueled by a lack of regulation in crypto markets. ?