Binance CZ Mulls Meme Coin Launch

The former CEO of Binance, Changpeng “CZ” Zhao, may introduce a meme coin named after his dog.

The idea came about because of a heated social media debate yesterday in which users pushed him to post the name and picture of his pet.

It began when a user on X (formerly Twitter) posted a meme about Bitcoin’s price struggle, to express their frustration over the cryptocurrency’s inability to hold above $100,000.

“I recall a similar sentiment when Bitcoin crossed back and forth around $10,000 a few years ago,” CZ said, jumping into the discussion. When someone inquired, “CZ, do you have a pet dog?” he replied, “Yes, a Belgian Malinois, not a Shiba Inu. .”.

Crypto Kemal answered saying, “We need the name and photo ser. CZ asked, “Honest newbie question,” after quoting the post.

I share my dog’s name and photo, and then people make memories. How can you tell which one is “official,” or does it even matter? I see many people requesting a name and a photo of my dog. CZ added

Thirty minutes later, CZ came back with an update. I’ve got the answers. It’s quite intriguing how things operate. I will consider it for a day or so, as is customary when making significant decisions 😂. Should you respect his privacy or dox the dog for the cause?

CZ  expressed concerns about meme coins on numerous occasions. He described the trend as “a little weird” in 2024. He advised developers to create genuine blockchain applications rather than hype-driven tokens, which people in the cryptocurrency community now use as memes.

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.