The post OracleBNB rugged hours after launch on BNB chain appeared on BitcoinEthereumNews.com.

A newly launched project on the BNB Chain called OracleBNB has reportedly been rug-pulled and wiped out investor funds, blockchain security firm PeckShield confirmed. According to the crypto security monitoring platform, all social media accounts associated with OracleBNB had been deleted shortly after trading activity collapsed early Friday morning. Reports from Binance Square also stated that the project’s Telegram group was banned, leaving over 1,400 victims unable to contact the team. OracleBNB token had soared over 1,280% before collapse A verified OracleBNB account on X had posted an announcement introducing the ORACLE token early Friday morning. The post described the project as a blockchain-based prediction market that would allow users to “trade beliefs, bet on real-world outcomes, and settle instantly on BNB Chain.” #PeckShieldAlert #Rugpull @OracleBNB on #BNBChain has been rugged. @OracleBNB has already deleted its social platform. pic.twitter.com/QNAgAa7Pua — PeckShieldAlert (@PeckShieldAlert) October 10, 2025 Within hours of the post, trading data from DEXTools.io showed that ORACLE’s price surged by over 1,200% after launch, reaching an intraday high of $0.003266. However, the price collapsed minutes later, plummeting more than 95% from its peak. According to a screenshot of the tokens dashboard shared by PeckShield, at around 3:41 PM Chinese time, the token was trading around $0.0001459, shedding almost all the profits investors had garnered.  A Binance Square creator known as AB Kuai Dong said on Telegram that OracleBNB had initially claimed to be a partner of Four Meme, the BNB Chain memecoin launchpad. However, Dong shared a message from the Four Meme team denying any connection to the project. “This Twitter account suddenly became active on social media, claiming to be building a BNB Chain prediction platform,” Dong wrote. “It was originally said to be doing a product beta test, but in the afternoon it suddenly announced a collaboration with…

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Filed under: News - @ October 10, 2025 10:21 am