Changpeng Zhao, widely known as CZ, the founder and former CEO of Binance, has announced that he will post a picture of his pet dog at 8PM Dubai time on February 13, 2024.
From Casual Conversation to Binance Memecoin Frenzy
CZ has previously expressed skepticism about memecoins, specifically in a tweet in November 2023, and reaffirmed he had never purchased any meme coins.
However, he clarified that his stance did not equate to opposition to the trend.
On February 11, 2024, CZ responded to a question on X (formerly Twitter) about whether he owned a dog, confirming he owned a Belgian Malinois.
This led to several requests from eager crypto enthusiasts asking for the dog’s name and picture, hoping to capitalize on the next big memecoin trend.
Shortly after, several new tokens claiming association with CZ’s dog emerged, with one called Binance Dog (CZDOG) reportedly experiencing a staggering 109% increase in value.
The token reached a market capitalization of $8.0 billion within five hours of its launch.
