Chinese Meme Coin BN Life Crashes Below $100M Market Cap — Down 30% in 24 Hours

2025-11-24 05:46:08

BN Life , one of the most viral Chinese-language meme coins of 2025, has lost more than 30% of its value in the past 24 hours, with its market cap plunging below the $100 million mark for the first time since early November.

Current Snapshot (November 22, 2025)

Market Cap: ~$91.5 million
Token Price: $0.09
24-Hour Change: -30%
Fully Diluted Valuation (FDV): ~$90 million (assuming 1 billion total supply)

The sharp drop comes after weeks of extreme volatility, with the coin having previously pumped to a peak market cap of $480 million in late October amid heavy community hype and coordinated social campaigns across Chinese-language channels.

What Drove the Decline?

The sell-off appears to be a combination of:

Profit-taking after a 15x run from launch
Broader meme-coin sector rotation as liquidity dries up
Reduced retail engagement following the recent Bitcoin and altcoin correction

On-chain data shows several large wallets that accumulated during the $0.02–$0.05 range have been distributing holdings over the past 48 hours, accelerating the downside momentum.

Community Reaction

Chinese crypto social media is split:

Some long-term holders view the dip as a healthy correction and “final shakeout” before the next leg up.
Others are calling it the beginning of a prolonged downtrend, with posts like BN Life is dead gaining traction.

Trading volume remains elevated at over $180 million in the past 24 hours — roughly 2x the token’s current market cap — indicating continued intense interest despite the crash.

Bottom Line

BN Life has officially fallen below the psychologically important $100 million market cap threshold, down 80% from its all-time high. While meme coins are known for violent swings in both directions, the speed and depth of this correction have put the project’s short-term narrative under significant pressure.

For now, $0.09 and the $91.5 million market cap mark a new reality for one of 2025’s most talked-about Chinese meme coins.

BTC-0.59%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.