Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, shared in his statement that he has a dog.
Thereupon, a wave of excitement started in the cryptocurrency market. Because, especially in the case of Elon Musk, memecoins related to the pets of influential figures in the cryptocurrency market are launched and sometimes these cryptocurrencies can reach market values of hundreds of millions of dollars. One of the best examples of this could be Floki Inu, named after Elon Musk’s dog Floki. The token has a market value of over $900 million at the time of writing.
On the other hand, CZ stated that after announcing that he had a dog, he was surprised when many people asked him for the name and photo of the dog. Realizing that this was to launch a memecoin, CZ made the following statement on the subject:
“Honest rookie question. How does this work? I post my dog’s name and picture and then people create memecoins? How do you know which one is the “official” one? Or does it even matter?”
It is not unlikely that CZ will introduce a memecoin called Test (TST) a short while ago and that he will introduce another memecoin after this token is listed on Binance. The Binance founder seems to have left the door open for this with his latest statement. It is useful to follow CZ’s subsequent statements in terms of possible memecoin launches.
*This is not investment advice.
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