“Don’t Buy the Meme,” CZ STATUE Memecoin Crashes 86%
The post “Don’t Buy the Meme,” CZ STATUE Memecoin Crashes 86% appeared first on Coinpedia Fintech News
Binance founder Changpeng “CZ” Zhao has spoken out against a newly launched meme coin inspired by him, making it clear that he has no interest in being part of the hype. He even warned users not to buy the memecoin, calling it a scam using his name without permission.
What started with excitement soon turned sour, as the token’s price fell by around 86% just hours after launch.
CZ Rejects the “CZStatue” HypeCZ began his post by acknowledging the gesture behind the meme but quickly dismissed it, saying that the coin’s creator “probably just wanted to make a quick buck off an interaction from me.”
He made it clear that such behavior is not something he appreciates and directly warned: “Don’t buy the meme.”
This isn’t the first time crypto traders have tried to capitalize on his popularity. Over the years, multiple meme coins using his name or Binance’s brand have appeared, often rising and crashing within days.
While I want to appreciate the gesture, the fact that there is a meme coin associated with this means the creator probably just wanted to make a quick buck off an interaction from me. This is something I don't appreciate. Don't buy the meme.
I would also never accept a statue of… https://t.co/GLmBgxqP6C
