Yesterday, billionaire Binance founder Changpeng Zhao (CZ) requested the best way to launch a memecoin primarily based on his pet canine. Appearing as if he actually didn’t know the way memecoin launches labored, he claimed that just a few hours of analysis on X would assist catch him up on the development.
He promised to “mull it over for a day or so.” Clearly, impatient merchants jumped into motion, and the subject instantaneously trended on X.
Some purchased present dog-themed cash on BNB Chain whereas extra refined web sleuths scoured the net for outdated pictures of CZ, buddies, and coworkers in a seek for his canine.
Sincere beginner query. How does this work? I share my canine’s title and film, after which folks create memcoins? How have you learnt which one is “official”? or does that even matter?
(I see many individuals asking for a reputation and an image. 😂) https://t.co/ZcvEhzgwmM
— CZ 🔶 BNB (@cz_binance) February 12, 2025
BNB Chain merchants seek for CZ’s memecoin
Imposters launched pretend BNB Chain memecoins to capitalize on the momentary frenzy. CZ and CZInu, as two such examples, pumped after which crashed over 90% from their highs inside just a few hours.
Followers begged CZ to bless present memecoins like CaptainBNB, which doubled in worth on the rumor. One other present memecoin on BNB Chain, CLEO, gained over 35,000% on rumors that it matched the title of CZ’s pet.
One other first rate guess on the canine’s title, PERRY, pumped over 9,000% for a similar purpose.
Whether or not an try to be endearing or an actual consequence of spending just a few months in jail, CZ usually acts like he isn’t conscious of the present meta in crypto.
The billionaire investor is famously restricted in his buying and selling actions, holding solely BTC and BNB for a few years, and persistently declining invites to interact in lively buying and selling.
Since ending his jail sentence and re-entering the crypto trade exterior of his former Binance government function, CZ has shaped a household workplace to handle his substantial wealth, YZi Labs (previously Binance Labs).
Along with his renewed curiosity in buying and selling, CZ simply made a sequence of market-impacting tweets that signifies he’s nonetheless studying one of the best ways to behave as a wealth supervisor.
As of publication time, CZ has continued to play dumb concerning the impact his tweets would have and has not endorsed any explicit memecoin.
