Changpeng Zhao, founder and former CEO of Binance, is considering creating a meme coin based on his pet dog after a viral social media discussion. The idea gained traction when users encouraged him to share details about his dog, prompting him to contemplate the concept of a community-driven meme token. While Zhao hasn't confirmed any plans, traders are speculating, and community members have already launched their own 'CZ dog' token.
Changpeng Zhao , the founder and former CEO of Binance , has said he will consider a community suggestion to create a meme coin inspired by his pet dog.
The idea emerged after a viral social media exchange in which users pushed him to reveal his dog’s name and picture.The discussion began when an X user, Crypto Kemal, asked CZ to share details about his pet. He responded with curiosity,“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.
After taking some time to consider the conversation, the former executive followed up by calling the idea “pretty interesting.” Hethat he would think it over for a day or so, as he typically does when making important decisions. He also mentioned that he might start engaging with memes on the BNB Chain.
His comments fueled speculation that he was preparing to launch a meme token, causing traders to react in anticipation. While the Binance founder has yet to confirm any plans, some community members took matters into their own hands by launching their own coin.from DEXScreener reveals that a newly launched token, TORO, branding itself as “CZ’s dog,” has already gained traction on the platform. TORO briefly reached a market cap of $4.
More recently, Zhao addressed issues surrounding meme coins after a test token incident. On February 9, Binance published a tutorial on how to launch a token. However, TST, the test token used in the demonstration, saw a sudden surge in value as traders rushed to buy it, turning it into a functional coin.that Binance had no involvement in the token’s launch. Additionally, the executive also spoke about Binance’s listing process.
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