Deep Dive
1. BNB Meme Ecosystem Shift (Bearish Impact)
Overview:
On October 9, 2025, Binance launched Meme Rush, a regulated platform for meme coins requiring KYC and capping valuations at $1M. This triggered a mass exodus from older BNB Chain memecoins like PALU, which fell over 30% that day.
What this means:
Investors shifted funds to new Meme Rush projects, viewing them as lower-risk opportunities with Binance’s endorsement. PALU’s trading volume plummeted to $360K (24h) by late November, down 97% from its October peak of $14.63M (Cointribune).
What to look out for:
Binance’s next Meme Rush listings and whether PALU’s team can pivot to regain relevance.
2. Technical Breakdown (Bearish Impact)
Overview:
PALU’s price ($0.00596) sits below its 7-day SMA ($0.00626) and 30-day SMA ($0.00839). The RSI-7 (39.69) shows oversold conditions but no reversal signals, while the MACD histogram remains negative.
What this means:
The token has no strong support until $0.00485 (October 2025 low). Fibonacci retracement levels suggest resistance at $0.00721 (78.6% level), which aligns with high sell pressure observed in November on-chain data.
3. Structural Weaknesses (Bearish Impact)
Overview:
A single wallet controls 39% of PALU’s supply, and less than 2.5% of tokens are in decentralized exchange liquidity pools.
What this means:
This concentration allows whales to manipulate prices easily, while thin liquidity magnifies sell-offs. Bubblemaps flagged suspicious buying before a retweet by ex-Binance CEO CZ in October, hinting at coordinated pumps (TheNFTAsian).
Conclusion
PALU’s decline reflects fading hype for legacy BNB memecoins, technical deterioration, and inherent vulnerabilities from centralization. While oversold conditions could spark a bounce, the token faces existential risks unless it diversifies holders and utility.
Key watch: Can PALU’s volume rebound above $1M to stabilize the price, or will Binance’s Meme Rush continue to siphon its liquidity?