CZ-linked BNB Smart Chain meme coins surge after repost; Zhao says he does not hold them
A BNB Chain CZ memecoin tied to Changpeng Zhao’s 2021 “final form” bull tweet surged after social-media activity, while one trader turned $754 into about $271,000 on paper in under 48 hours.
BNB Smart Chain meme coins linked to Changpeng Zhao, also known as CZ, rallied on July 5 after crypto blogger @TCryptochicks posted a teaser image and Zhao amplified it with the reply, "Water (drop) your BNB wallet." Reports cited GMGN data showing a CZ-themed token briefly topping $40 million in market capitalization, while older reporting said CZ (The Final Form Bull) briefly reached $41 million before retreating to $29.82 million and CZ (The Bull) briefly exceeded $11 million before dropping to $3.88 million. The CZ token references Zhao’s January 2021 “final form” bull tweet, and one anonymous trader reportedly turned $754 into about $271,000 in less than 48 hours, a roughly 357x paper gain, while still holding the full position. Zhao later said he does not know or hold the CZ, TCC or AB tokens and said he was only interacting with active community participants.
- BNB Smart Chain: A blockchain network associated with the BNB ecosystem, also referred to in some reports as BNB Chain or BSC.
- meme coins: Highly speculative tokens driven mainly by online attention, culture and market sentiment.
- unrealized gains: Paper profits on holdings that have not been sold and can change quickly with market prices.