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

Crimestoppers Offers £10,000 Reward for Information on Birmingham Attack

Crimestoppers is offering a reward of up to £10,000 for information leading to the arrest and conviction of those responsible for a violent home invasion in Birmingham.

user avatarGustavo Mendoza

Birmingham Couple Targeted in Violent Cryptocurrency Home Invasion

A couple in Birmingham was forced to transfer cryptocurrency during a violent home invasion by four men.

user avatarGustavo Mendoza

Solana Developers Advance SIMD0112 for Improved Validator Latency

Solana developers are advancing the SIMD0112 proposal to reduce latency between validators, enhancing network performance during high activity.

user avatarRajesh Kumar

Solana Foundation Appoints New Executives to Boost Institutional Adoption

The Solana Foundation has appointed Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payments to enhance institutional adoption and expand its payments infrastructure.

user avatarMiguel Rodriguez

SpaceX Stock Breakout Discussion Heats Up

Traders are buzzing about the potential for a SpaceX stock breakout due to significant price fluctuations and upcoming stock unlocks.

user avatarLuis Flores

Uniswap v4 Hooks Achieve Milestone with 500 Registered Deployments

Uniswap v4 has reached a significant milestone with over 500 registered custom hook deployments, showcasing the active engagement of developers in the 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.