A statue of Binance founder Changpeng “CZ” Zhao placed near the U.S. Capitol in Washington D.C. was tainted after a memecoin dubbed “czstatue” rose by 27,000% in a day before crashing back to nearly zero.

The token, which rose as high as 17.5 cents, racked up $1.2 billion in trading volume before the crash after Zhao tweeted “Don’t buy the meme” while dismissing the aim of the statue.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Coindesk

Coindesk

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Related Posts ...

Comments are disabled.

BTC-Newswire
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.