CZ Weighs Community Proposal for Meme Coin Inspired by His Dog

Changpeng Zhao, the founder and former CEO of Binance, has stated he’ll take into account a neighborhood suggestion to create a meme coin impressed by his pet canine.

The concept emerged after a viral social media change during which customers pushed him to disclose his canine’s title and film.

A Attainable Change in Perspective

The dialogue started when an X person, Crypto Kemal, requested CZ to share particulars about his pet. He responded with curiosity, writing, “Sincere beginner query. How does this work? I share my canine’s title and film, after which folks create meme cash? How have you learnt which one is ‘official’? Or does that even matter.”

After taking a while to think about the dialog, the previous government adopted up by calling the concept “fairly attention-grabbing.” He stated that he would suppose it over for a day or so, as he sometimes does when making necessary selections. He additionally talked about that he would possibly begin participating with memes on the BNB Chain.

His feedback fueled hypothesis that he was getting ready to launch a meme token, inflicting merchants to react in anticipation. Whereas the Binance founder has but to substantiate any plans, some neighborhood members took issues into their very own arms by launching their very own coin.

Will put up the canine pic in 3 hours, 8PM ish Dubai time. https://t.co/DkaCEDsjc3

— CZ BNB (@cz_binance) February 13, 2025

Data from DEXScreener reveals {that a} newly launched token, TORO, branding itself as “CZ’s canine,” has already gained traction on the platform. TORO briefly reached a market cap of $4.8 million earlier than plunging to round $300,000 on the time of writing.

CZ’s Stance on Meme Cash

This improvement is especially notable because of the 48-year-old’s stance on the asset class. The previous government has beforehand expressed skepticism about meme cash. In November 2024, he described the development as “somewhat bizarre” and urged builders to deal with constructing sensible blockchain functions as a substitute of speculative tokens.

Extra lately, Zhao addressed points surrounding meme cash after a check token incident. On February 9, Binance revealed a tutorial on launch a token. Nevertheless, TST, the check token used within the demonstration, noticed a sudden surge in worth as merchants rushed to purchase it, turning it right into a practical coin.

CZ shortly clarified that Binance had no involvement within the token’s launch. Moreover, the manager additionally spoke about Binance’s itemizing course of. He criticized the change’s method, stating that listings are solely introduced 4 hours earlier than going dwell.

In a follow-up put up on X, Zhao later said that he had by no means bought any meme cash. He additionally stated that whereas he was not personally concerned with them, he had no objections to their existence. He added that he noticed himself as a builder, specializing in elementary blockchain improvement.