Binance’s $400M Support Plan & BNB Chain $45M Airdrop
Binance has launched a $400 million support plan after the October 10–11 crypto market crash. The support plan allocates $300 million in token vouchers and establishes a $100 million low-interest loan fund for eligible traders and institutions. Users who suffered forced liquidations of at least $50 or 30% of net assets based on an October 9 account snapshot will receive vouchers worth $4–$6,000 within four days. Binance denies legal liability for user losses and advises traders to preserve transaction logs, verify snapshots and follow official redemption procedures. Separately, BNB Chain has rolled out a $45 million reload airdrop for memecoin traders affected by the sell-off. Combined, these measures deliver $445 million in market support intended to ease liquidity pressures and restore confidence. Analysts say the relief may dampen short-term volatility but that long-term crypto market trends will depend on broader demand and macroeconomic factors.
Neutral
The $400 million support plan and BNB Chain’s $45 million airdrop inject significant liquidity, which may stabilize prices and reduce immediate selling pressure. Voucher distributions and low-interest loans should shore up trader confidence in the short term. However, these relief measures do not address underlying market demand or macroeconomic factors, so they are unlikely to spark a sustained uptrend. Overall, the news is neutral, offering short-term support without guaranteeing long-term bullish momentum.