The post Bizarre BNB Memecoin Tied To Changpeng Zhao’s Statue Tanks 99% After The Binance Founder Renounces It ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Recently pardoned Binance founder Changpeng Zhao has distanced himself from a new memecoin tied to a golden statue of him placed near the U.S. Capitol in Washington, D.C, cautioning crypto investors against the financial risks of trading celebrity-linked tokens with no real blockchain utility. The memecoin, CZSTATUE — which was launched on the BNB Chain earlier this week, surged by 27,000% in a day before plummeting back to almost zero. “Don’t Buy The Meme” CZSTATUE emerged shortly after a fan page built a golden statue of ex-Binance CEO Zhao, sharing pictures and offering to send it to him. The meme coin spiked to a $6.8 million market capitalization on Wednesday, racking up $1.2 billion worth of trading volume, according to crypto data provider DEXTools. However, the upsurge was short-lived as Zhao warned users in a Wednesday post not to buy the memecoin, as he suspected its creators were only looking to “make a quick buck off an interaction” with the founder. “While I want to appreciate the gesture, the fact that there is a meme coin associated with this means the creator probably just wanted to make a quick buck off an interaction from me,” CZ postulated. “This is something I don’t appreciate. Don’t buy the meme.” Advertisement

&nbsp The crypto OG clarified that he would “never accept the statue,” indicating that only an “egomaniac would have a statue of himself in his house.” Last week, CZ won a pardon from U.S. President Donald Trump after serving a four-month prison sentence. Zhao had pleaded guilty to a criminal charge related to anti-money laundering violations in 2023, as part of a record-breaking $4.3 billion settlement between him, Binance, and U.S. regulators.  The pardon proved controversial, given that Binance, of which Zhao remains the majority shareholder, was…

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Filed under: News - @ October 30, 2025 10:25 pm