The post CZ needs an extra day that Binance memecoin traders don’t have appeared on BitcoinEthereumNews.com.

Yesterday, billionaire Binance founder Changpeng Zhao (CZ) asked how to launch a memecoin based on his pet dog. Acting as if he truly didn’t know how memecoin launches worked, he claimed that a few hours of research on X would help catch him up on the trend. He promised to “mull it over for a day or so.” Obviously, impatient traders jumped into action, and the topic instantaneously trended on X. Some bought existing dog-themed coins on BNB Chain while more sophisticated internet sleuths scoured the web for old photos of CZ, friends, and coworkers in a search for his dog. Honest newbie question. How does this work? I share my dog’s name and picture, and then people create memcoins? How do you know which one is “official”? or does that even matter? (I see many people asking for a name and a picture. 😂) https://t.co/ZcvEhzgwmM — CZ 🔶 BNB (@cz_binance) February 12, 2025 Read more: Binance moved $8 billion off its proof-of-reserves BNB Chain traders search for CZ’s memecoin Imposters launched fake BNB Chain memecoins to capitalize on the momentary frenzy. CZ and CZInu, as two such examples, pumped and then crashed over 90% from their highs within a few hours. Fans begged CZ to bless existing memecoins like CaptainBNB, which doubled in price on the rumor. Another existing memecoin on BNB Chain, CLEO, gained over 35,000% on rumors that it matched the name of CZ’s pet. Another decent guess at the dog’s name, PERRY, pumped over 9,000% for the same reason. Whether an attempt to be endearing or a real consequence of spending a few months in prison, CZ often acts like he is not aware of the current meta in crypto. The billionaire investor is famously limited in his trading activities, holding only BTC and BNB for…

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Filed under: News - @ February 13, 2025 12:24 pm