Changpeng Zhao, the founder and former CEO of Binance, has mentioned he’ll contemplate a group suggestion to create a meme coin impressed by his pet canine.
The concept emerged after a viral social media change during which customers pushed him to disclose his canine’s title and movie.
A Attainable Change in Perspective
The dialogue started when an X person, Crypto Kemal, requested CZ to share particulars about his pet. He responded with curiosity, writing, “Sincere beginner query. How does this work? I share my canine’s title and movie, after which individuals create meme cash? How are you aware which one is ‘official’? Or does that even matter.”
After taking a while to contemplate the dialog, the previous govt adopted up by calling the thought “fairly attention-grabbing.” He said that he would assume it over for a day or so, as he usually does when making vital selections. He additionally talked about that he would possibly begin participating with memes on the BNB Chain.
His feedback fueled hypothesis that he was making ready to launch a meme token, inflicting merchants to react in anticipation. Whereas the Binance founder has but to verify any plans, some group members took issues into their very own fingers by launching their very own coin.
Will submit the canine pic in 3 hours, 8PM ish Dubai time. https://t.co/DkaCEDsjc3
— CZ BNB (@cz_binance) February 13, 2025
Knowledge from DEXScreener reveals {that a} newly launched token, TORO, branding itself as “CZ’s canine,” has already gained traction on the platform. TORO briefly reached a market cap of $4.8 million earlier than plunging to round $300,000 on the time of writing.
CZ’s Stance on Meme Cash
This growth is especially notable as a result of 48-year-old’s stance on the asset class. The previous govt has beforehand expressed skepticism about meme cash. In November 2024, he described the pattern as “a bit of bizarre” and urged builders to give attention to constructing sensible blockchain purposes as an alternative of speculative tokens.
Extra lately, Zhao addressed points surrounding meme cash after a check token incident. On February 9, Binance printed a tutorial on the right way to launch a token. Nevertheless, TST, the check token used within the demonstration, noticed a sudden surge in worth as merchants rushed to purchase it, turning it right into a practical coin.
CZ rapidly clarified that Binance had no involvement within the token’s launch. Moreover, the manager additionally spoke about Binance’s itemizing course of. He criticized the change’s strategy, stating that listings are solely introduced 4 hours earlier than going stay.
In a follow-up submit on X, Zhao later mentioned that he had by no means bought any meme cash. He additionally mentioned that whereas he was not personally keen on them, he had no objections to their existence. He added that he noticed himself as a builder, specializing in basic blockchain growth.
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