Changpeng Zhao to Launch Meme Coin: Crypto Community Reacts

user avatar

by Giorgi Kostiuk

2 years ago

Changpeng Zhao, the founder of Binance, sparked speculation about launching a meme coin after revealing he owns a Belgian Malinois dog. The crypto community reacted with an increase in BNB pricing.

Will CZ Launch a Meme Coin?

The speculation started when a user on X (formerly Twitter) asked CZ if he owned a dog. He confirmed he has a Belgian Malinois, not a Shiba Inu, indirectly referencing the Shiba Inu (SHIB) meme coin. Instead of dismissing the idea, CZ openly asked about the meme coin creation process, fueling excitement among crypto traders.

Honest newbie question. How does this work? I share my dog's name and picture, and then people create meme coins? How do you know which one is 'official'? Or does that even matter?CZ on X

Meme Coins Dedicated to CZ’s Dog Already Emerging

Despite CZ not officially launching a token, the crypto community wasted no time in creating their own. One such token, Binance Dog (CZDOG), skyrocketed by 109%, reaching a staggering $8 billion market capitalization within five hours of its launch.

CZ’s Stance on Meme Coins

Historically, CZ has not been a strong advocate of meme coins. In November 2024, he expressed concerns about their speculative nature. However, CZ has recently discussed meme tokens more frequently, especially after incidents involving the TST coin. While he claims to have never purchased meme coins, his recent comments indicate a potential shift in perspective.

I don't mind memes, but meme coins are becoming a bit strange. Let’s develop real applications on the blockchain.Changpeng Zhao

The crypto community eagerly awaits CZ’s next move. If he officially launches a meme coin, it could reshape the meme coin landscape, especially on the BNB Chain.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Federal Judge Rules Justin Sun's Case Against World Liberty Financial to Remain in Open Court

chest

A federal judge in San Francisco ruled that Justin Sun's legal battle with World Liberty Financial over $45 million in frozen tokens will remain in open court, rejecting the company's bid for arbitration.

user avatarKaterina Papadopoulou

New Report Published Utilizing Primary Source Documentation.

chest

The report is based on information released in disclosures at primary source documentation, ensuring that the information provided is accurate and reliable.

user avatarMaya Lundqvist

US Spot Bitcoin ETFs Experience Record Inflows

chest

US spot Bitcoin ETFs saw a significant inflow of $60.6 billion on Thursday, marking their largest single-day gain since May 1.

user avatarLeo van der Veen

New Study Emphasizes the Significance of Primary Source Documentation.

chest

The report highlights the importance of primary source documentation for providing accurate and reliable information.

user avatarLi Weicheng

Cumulative Inflows into US Spot Solana ETFs Reach $116 Billion

chest

Cumulative inflows into US spot Solana ETFs have surpassed $116 billion, indicating growing institutional interest in the token.

user avatarTenzin Dorje

Binance to Remove Seven Spot Trading Pairs on August 21

chest

Binance has announced the removal of seven spot trading pairs on August 21 at 0300 UTC, including SUIBNB and LTCBNB, as part of its market optimization process.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.