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Binance Wallet Blocks Meme Coin Using Luo Yonghao’s Name, Odaily Reports

After Luo Yonghao urged CZ to remove meme coins using his name, Binance and OKX hid related token names and avatars from wallet search on May 15, though on-chain trading remained accessible through native tools.

Fact Check
The claim is strongly supported by multiple independent primary sources. Luo Yonghao's own X post confirms he publicly complained about the token appearing in Binance Wallet. Odaily newsflash 481754 directly reports Binance Wallet blocked the coin from search. Odaily newsflash 481761 further confirms Luo Yonghao's own acknowledgment that the block occurred but the profile picture remained visible, precisely matching the claim's specific detail. PANews article 019e2bd2 independently corroborates the anonymization action. All sources are consistent, published on 2026-05-15, and mutually reinforcing with no conflicting evidence found.
Summary

Luo Yonghao said he had never participated in, promoted, or endorsed any virtual currency project after meme coins using his name appeared in wallet interfaces. Following his appeal to Binance founder CZ, Binance Wallet blocked the related token from search, and new information indicates that Binance and OKX both hid related token names and avatars in wallet search on May 15. The update also adds that a related BSC token briefly reached a $3 million market capitalization. Despite the search restrictions, on-chain trading of the token remained available through native tools, underscoring the difference between wallet discovery controls and actual on-chain accessibility.

Terms & Concepts
  • meme coin: A cryptocurrency typically driven by internet culture, branding, or social media attention rather than a clearly defined utility.
  • Binance Wallet: A crypto wallet service linked to Binance that lets users store, transfer, and interact with digital assets, including surfacing on-chain tokens through its interface.
  • BSC: BNB Smart Chain, a blockchain network used for issuing tokens and running decentralized applications, where the related token briefly surged in market value.