Changpeng Zhao (CZ), the founder of Binance, has sparked speculation about launching a meme coin after revealing that he owns a Belgian Malinois dog. The crypto community quickly reacted, with traders pushing BNB’s price up by 20% following his comments.
Will CZ Launch a Meme Coin?
The speculation started when a user on X (formerly Twitter) asked CZ if he owned a dog. He confirmed that he has a Belgian Malinois, not a Shiba Inu, indirectly referencing the Shiba Inu (SHIB) meme coin.
Instead of dismissing the idea, CZ openly asked about the meme coin creation process, fueling excitement among crypto traders.
“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 on X
Honest newbie question. How does this work? I share my dog’s name and picture, and then people create memcoins? How do you know which one is “official”? or does that even matter?
(I see many people asking for a name and a picture. 😂) https://t.co/ZcvEhzgwmM
— CZ 🔶 BNB (@cz_binance) February 12, 2025
After receiving multiple explanations from users, CZ teased that he might 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.”
Honest newbie question. How does this work? I share my dog’s name and picture, and then people create memcoins? How do you know which one is “official”? or does that even matter?
(I see many people asking for a name and a picture. 😂) https://t.co/ZcvEhzgwmM
— CZ 🔶 BNB (@cz_binance) February 12, 2025
Following his post, BNB surged by more than 20%, reaching $712.02 as traders speculated on a potential Binance-backed meme coin.
Meme Coins Dedicated to CZ’s Dog Already Emerging
Despite CZ not officially launching a token, the crypto community wasted no time in creating their own. One such token, Binance Dog (CZDOG), skyrocketed by 109%, reaching a staggering $8 billion market capitalization within five hours of its launch.
CZ’s Stance on Meme Coins
Historically, CZ has not been a strong advocate of meme coins. In November 2024, he expressed concerns about their speculative nature:
“I don’t mind memes, but meme coins are becoming a bit strange. Let’s develop real applications on the blockchain.”
However, CZ has recently discussed meme tokens more frequently, especially after incidents involving the TST coin. While he claims to have never purchased meme coins, his recent comments indicate a potential shift in perspective.
What’s Next?
The crypto community eagerly awaits CZ’s next move. If he officially launches a meme coin, it could reshape the meme coin landscape, especially on BNB Chain.
For now, traders are closely monitoring BNB’s price action, waiting for further updates from CZ.
