Could CZ Enter the Meme Coin Market?
Former Binance CEO Changpeng "CZ" Zhao might be considering launching a meme token inspired by his dog. The idea gained traction after a viral social media discussion about his pet’s name and photo.
This would mark a major shift in his stance, as he has previously criticized meme coins and denied investing in them.
It All Started with a Simple Question About His Dog
The conversation began when a user on X (formerly Twitter) expressed frustration over Bitcoin failing to break the $100,000 mark, accompanied by a meme about its price movements.
CZ responded:
📌 “I remember similar sentiment when Bitcoin was bouncing around $10,000 a few years ago, haha.”
This led to an unexpected question:
🗣 "CZ, do you have a dog?"
🐶 "Yes, not a Shiba Inu, but a Belgian Malinois."
This sparked a wave of curiosity, with users demanding a photo and the dog’s name.
CZ Asks: How Do Meme Coins Even Work?
Crypto influencer Crypto Kemal quickly replied: “We need a name and a picture, sir.”
Seemingly caught off guard, CZ responded:
📌 "Honest newbie question. How does this work? I share my dog’s name and picture, and people then create meme coins? How do you know which one is 'official'? Or does it even matter?"
Just 30 minutes later, CZ returned with an update:
📌 "Now I have the answers. Quite interesting how things work. I’ll think about it for about a day, like I do with big decisions 😂. Respect his privacy or dox the dog for the cause? Well, he might even interact with some memes on BNB Chain."
This comment sparked speculation that CZ was considering launching a meme token, prompting traders to prepare for a potential moonshot if he actually got involved.
CZ Has Always Been Skeptical About Meme Coins
CZ has long expressed doubts about meme tokens.
🔹 In November 2024, he called the trend "a bit weird", urging developers to focus on real blockchain applications instead of hype-driven projects.
🔹 Ironically, his own comments became a meme after he began considering launching a meme coin himself.
Since 2023, meme coins have dominated the crypto market, especially those built on the Solana blockchain.
📌 On February 9, Binance published a tutorial on launching meme coins, but a fake token used in the demo quickly surged in price as traders speculated on it. CZ immediately shut down rumors, clarifying that Binance was not involved.
📌 “I haven’t bought a single meme coin—yet,” CZ stated.
Binance and the Controversy Around Token Listings
CZ also distanced himself from Binance’s token listing decisions, criticizing the process. He admitted that the system isn’t perfect and pointed out that Binance announces new listings only four hours before they go live.
📌 "I’m not fully involved in the listing process. People always complain: ‘Why list this coin but not the one I’m holding?’"
📌 "The reality is that exchanges compete to list popular coins as early as possible. If your project has strong trading volume, exchanges will come to you."
Regulatory Pressure and Meme Coin Speculation
CZ also noted that regulators aggressively target utility tokens, misclassifying them as securities, which could be pushing developers toward meme coins since they face fewer regulatory hurdles.
Another key factor is speculation:
📌 "Assets with clear tangible value are harder to speculate on, while meme coins thrive on volatility. That’s why they perform so well."
In conclusion, CZ stated:
📌 "It’s a cultural thing. Just because I’m not into something doesn’t mean I’m against it."
📌 "Meme coins are fun, unpredictable, and highly speculative—exactly what some traders are looking for."
Will CZ Actually Launch His Own Meme Coin?
While CZ hasn’t officially confirmed anything, his comments have fueled massive speculation. If he does launch a meme coin, it could instantly become one of the most sought-after assets in the market.
Will CZ follow the trend he once criticized, or will he stick to his original stance? 🚀
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