Binance’s BNB Chain has launched a $45 million “Reload Airdrop” to compensate memecoin traders who suffered significant losses during the market crash that resulted in over $19 billion in liquidations.

The airdrop targets over 160,000 eligible addresses that traded memecoins on the BNB Chain network during the turbulence. However, distribution of BNB tokens will be random among these qualifying users.

This story is an excerpt from the Unchained Daily newsletter.

The average estimated compensation per eligible user is around $281 in BNB tokens.

The initiative is the Binance ecosystem’s largest user relief effort to date, aimed at supporting one of its most active community segments despite the recent market downturn.