Changpeng Zhao, founder and former CEO of Binance, is contemplating a community suggestion to create a meme coin based on his pet dog. This idea surfaced following a viral exchange on social media, where users encouraged Zhao to disclose his pet's name and photograph.
The dialogue was initiated by a user, Crypto Kemal, on platform X, who prompted Zhao to share details about his pet. Zhao questioned the process, asking, "Honest newbie question. How does this work? I share my dog’s name and picture, and then people create meme coins? How do you know which one is ‘official’? Or does that even matter?"
After reflecting, Zhao deemed the idea "pretty interesting," stating he would take a day to consider it, in line with his usual decision-making process. He hinted at a possible engagement with memes on the BNB Chain. This fueled speculation that a meme token might be in the works, prompting traders to react in anticipation. While Zhao has not confirmed any plans, some community members have already launched their own coin.
Zhao tweeted, “Will post the dog pic in 3 hours, 8PM ish Dubai time,” illustrating the growing interest in this potential venture.
Data from DEXScreener shows that a newly launched token, TORO, touted as “CZ’s dog,” quickly gained traction, reaching a peak market cap of $4.8 million before falling to approximately $300,000.
This situation is particularly significant given Zhao's previous skepticism about meme coins. In late 2024, he described such trends as "a little weird" and encouraged developers to focus on practical blockchain applications rather than speculative tokens. Following a similar incident involving a test token, TST, which unexpectedly surged in value, Zhao clarified Binance's non-involvement and criticized the exchange's listing process, which he felt lacked transparency.
In a subsequent post on X, Zhao reiterated that he had never purchased any meme coins, emphasizing his focus on fundamental blockchain development, although he respected their existence.
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