CZ recently shared with the cryptocurrency community that he has a dog: a Belgian Malinois. He also expressed curiosity about the intricacies of launching a meme coin, leading many to believe that the founder of Binance might be considering a new token. Will CZ Launch a Meme Coin? The discussion began when a user on X (formerly Twitter) asked Zhao if he owned a dog. He confirmed that he does, specifying that it is a Belgian Malinois, not a Shiba Inu (a nod to the popular meme coin Shiba Inu). Members of the crypto community eagerly requested CZ to share a photo and the dog's name, likely hoping to capitalize on the hype to launch a meme coin. Instead of providing details, Zhao asked for clarification on how the process of creating and launching meme coins works. “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?” CZ wrote. After receiving explanations from users, CZ indicated that he would consider launching a “meme” token “I’ll think about it for a day or so—as usual, when I need to make an important decision. Respect my dog's privacy or reveal everything for the cause? I’ll see how meme coins work on BNB Chain,” he noted. Later, Zhao promised to post a photo and name of his dog later that day. Traders began buying BNB aggressively, pushing its price up by more than 20%. At the time of writing, the asset was trading at $712.02. Users Already Launching Meme Coins Dedicated to CZ’s Dog Although CZ has yet to share any details, several meme coins have already been launched by community members. One such token, Binance Dog (CZDOG), surged by 109%, reaching a market capitalization of $8 billion just five hours after its release. Previously, Zhao had not been very supportive of meme coins. “I don't mind memes, but meme coins are becoming a bit strange. Let’s develop real applications on the blockchain,” he stated in November 2024. This week, CZ mentioned that he has never purchased meme coins. However, this does not imply he is against “meme” tokens. The Binance founder has started discussing meme coins more frequently following an incident involving the TST coin. https://coinpaper.com/7373/what-is-the-tst-token-and-why-did-its-price-jump-by-107-271 This week, the BNB Chain team accidentally launched a “meme” token used in an educational video demonstrating how the new Four.Meme platform operates. As the conversation unfolded, CZ's playful engagement with the community sparked a wave of enthusiasm among traders and meme coin enthusiasts alike. The prospect of a meme coin inspired by his dog not only generated excitement but also raised questions about the implications of such a launch. With the crypto market being notoriously volatile, many in the community expressed concerns about potential scams and fraudulent tokens that could emerge in the wake of CZ's hints. Notably, Andre Cronje, a prominent figure in the DeFi space, cautioned CZ to ensure any launch is conducted fairly to protect investors from misleading schemes. This dialogue highlights the delicate balance between fostering community engagement and maintaining responsible practices within the ever-evolving landscape of cryptocurrency.
