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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Federal Reserve Pauses Interest Rate Hike for Upcoming FOMC Meeting

The Federal Reserve is not expected to raise interest rates at the upcoming FOMC meeting, as indicated by recent forecasts and comments from Fed officials.

user avatarMaria Fernandez

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

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.