🌎 Binance’s CZ Mulls Meme Coin Based on His Dog

Former Binance CEO CZ Zhao Mulls Meme Coin Based on His Dog

Changpeng ‘CZ’ Zhao, former CEO of Binance, is considering the crypto community’s proposal to create a meme coin based on his dog. The idea was sparked when CZ revealed his pet dog, a Belgian Malinois breed, on X, a social media platform.

CZ expressed curiosity about the process of creating a meme coin and how to identify an official one. He received explanations from other traders and stated, “Got the answers now. Pretty interesting how things work. Will mull it over for a day or so, as usual for big decisions.”

CZ also jokingly mentioned considering his dog’s “privacy” in case the meme coin traders decide to “dox the dog for the cause.” He has decided to interact with some of the meme coins launched on the BNB Chain.

The Rise of Meme Coins in the Crypto Sphere

Meme coins have become a significant phenomenon in the crypto world, with a market cap of nearly $78 billion, a 2.7% increase. The crypto community has launched several meme coins based on the pets of industry leaders, such as Len Sassaman’s cats, Sasha and Odin, and Elon Musk’s Shiba Inu, Floki.

These meme coins often gain traction and attract investors. For example, the FLOKI meme coin, bearing the image of Elon Musk’s Shiba Inu, has gained popularity.

CZ’s Stance on Meme Coins

In November 2024, CZ stated that meme coins were “a little” weird and that the crypto community should focus on developing “real applications” using blockchain. However, he recently clarified that his statement referred to the controversy surrounding meme coin launchpad pump.fun’s livestreams, which promoted disturbing content.

CZ’s change of heart towards meme coins has sparked interest in the crypto community. Some users have pointed out that his recent fascination with meme coins seems to contradict his previous stance.

Here are some tips for investors interested in meme coins: