Changpeng Zhao (CZ), co-founder and former CEO of Binance, has sparked speculation about launching a meme coin inspired by his pet dog.
This followed his exchange with the crypto community on X (formerly Twitter). However, he did not explicitly endorse any specific projects.
Will CZ Launch A Meme Coin?
The discussion began when an X user asked CZ if he owned a dog. He responded affirmatively, revealing that he has a Belgian Malinois—not a Shiba Inu. This revelation triggered a flood of requests from users eager to see a picture of the dog and learn its name, likely to create a meme coin.
CZ responded to one of the requests and asked for clarification on how the process works.
“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 asked.
Following responses from the community, CZ acknowledged the mechanics of the trend. He stated he would consider it.
“Will mull it over for a day or so, as usual for big decisions. Respect his privacy, or dox the dog for the cause?” the post read.
Additionally, he hinted at the potential interaction of this token with some of the meme coins on the BNB Chain.
Although CZ has yet to share anything, several meme coins have already been created. In fact, one of these tokens, Binance Dog (CZDOG), surged by 109%. Furthermore, the meme coin’s market capitalization reached $8.0 billion just five hours after its launch.
While CZ has not been a vocal supporter of meme coins, he now appears to be capitalizing on the trend.
“I am not against memes, but meme coins are getting “a little” weird now. Let’s build real applications using blockchain,” CZ posted in November 2024.
Earlier this week, he reiterated that he has never purchased any meme coins, clarifying that his stance does not equate to the opposition.
His comments came after a token, TST, surged following its mention in a BNB team’s educational video. However, the former CEO clarified that TST was not an official BNB Chain token.
This latest development aligns with CZ’s broader push to promote the BNB ecosystem. His recent tweets have frequently referenced BNB Chain.
This had a significantly positive impact. As reported earlier by BeInCrypto, BNB’s market cap increase led to it surpassing Solana (SOL). The platform has also seen a surge in meme coin activity, with over 12,000 tokens launched in one day.
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