BNB Meme Coin Tied to Statue of Changpeng Zhao Rises After CZ Says 'Don't Buy'
Update: 2025-10-29
Description
CZSTATUE Meme Coin Surges After CZ's Disapproval: A Golden Statue and Crypto FrenzyOn October 29th, a meme coin named CZSTATUE linked to a golden statue of Binance CEO Changpeng Zhao, or CZ, caused chaos in the crypto world. Despite Zhao's warning not to buy it, the coin's value skyrocketed, with its market cap surging from three to six point eight million dollars within hours. The coin, created by Nick Zee, was meant to tie into a fourteen-foot golden statue of Zhao that appeared in Washington, D.C. The statue was funded by an anonymous collective and was intended to get Zhao's attention or be auctioned for charity. However, Zhao made it clear he didn't want anything to do with the coin or statue, yet the coin's price still increased by thirty percent, generating twenty million dollars in trading volume. This event unfolded against a complex backdrop, including a presidential pardon for Zhao and controversy over Binance's ties to the Trump family. The incident highlights the unpredictable and emotional nature of crypto markets, where viral moments can quickly turn into trading frenzies.
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