CZ Weighs Community Proposal for Meme Coin Inspired by His Dog

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

The thought emerged after a viral social media alternate wherein customers pushed him to disclose his canine’s title and film.

A Doable Change in Perspective

The dialogue started when an X consumer, 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 are you aware which one is ‘official’? Or does that even matter.”

After taking a while to contemplate the dialog, the previous govt adopted up by calling the thought “fairly fascinating.” He stated that he would assume it over for a day or so, as he usually does when making essential choices. He additionally talked about that he may begin participating with memes on the BNB Chain.

His feedback fueled hypothesis that he was making 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 fingers by launching their very own coin.

Will publish 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 govt has beforehand expressed skepticism about meme cash. In November 2024, he described the pattern as “a bit of bizarre” and urged builders to deal with constructing sensible blockchain purposes as an alternative of speculative tokens.

Extra just lately, Zhao addressed points surrounding meme cash after a check token incident. On February 9, Binance revealed a tutorial on how you can launch a token. Nonetheless, 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 purposeful coin.

CZ rapidly 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 alternate’s method, declaring that listings are solely introduced 4 hours earlier than going dwell.

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