BNB Meme Coin Tied to Statue of Changpeng Zhao Rises After CZ Says 'Don't Buy'

A meme coin associated with a statue of Binance founder Changpeng Zhao saw a surge after he publicly advised against purchasing it. This coin, named CZSTATUE, was launched shortly before Zhao tweeted his dissatisfaction with the situation, stating that its creator likely aimed to profit from his likeness. Following Zhao's remarks, the token's market cap surged from $3 million to $4 million, indicating a significant trading volume of $20 million within a day. The statue itself is a 14-foot tall tribute unveiled in Washington, D.C., meant to symbolize Zhao’s efforts against fear, uncertainty, and doubt (FUD) within the crypto community. Zhao expressed disappointment about the nature of the meme coin, reiterating that he would never accept a statue of himself, advocating for authenticity over commercialization in the crypto space.

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