The price of Binance Coin (BNB) recently saw some wild price action, rising 3.12% in one hour and then losing 6% in the next few hours. The reason behind such a wild price roller coaster is a huge teaser dropped by ex-Binance CEO Changpeng Zhao, or CZ as he is better known online.
CZ is one of the most important figures on the crypto market, having been the main man behind the world’s largest exchange for almost a decade before being convicted by U.S. regulators for the black-and-yellow exchange’s illegal activities.
Recently, Zhao, who is no longer the CEO of Binance, weighed in on the meme coin space after Binance Smart Chain recently erupted with successful launches of such assets. Someone asked him if he had a dog, he answered yes, and it snowballed from there.
In the latest news, CZ said that he will reveal his dog today at 8:00 p.m. Dubai time, and the Binance Coin market went crazy. The crypto market has a long history with meme coins, and dogs are literally at the top of this segment, so the hype is understandable.
Will post the dog pic in 3 hours, 8PM ish Dubai time. 🦮🤣 https://t.co/DkaCEDsjc3
— CZ 🔶 BNB (@cz_binance) February 13, 2025
BNB has already surpassed Solana (SOL), a leader in the meme coin mania of the last cycle, in the crypto market rankings, and is currently the fifth largest cryptocurrency with a market cap of $100 billion. It was confirmed by Zhao himself that his dog is a Belgian Malinois, but he gave no further details.
Market participants already have a few options for the dog’s name: Brownie, Cleo, Perry Bean, Toro, Maverick and Bebe. How this will end remains to be seen, but that is the state of crypto right now in February 2025.
