‘Don’t buy the meme,’ warns CZ, as bizarre golden statue memecoin crashes 86%

CointelegraphWednesday, October 29, 2025 at 1:44:54 PM
‘Don’t buy the meme,’ warns CZ, as bizarre golden statue memecoin crashes 86%
Binance founder Changpeng Zhao has issued a stark warning to investors regarding a new CZ-themed memecoin, which saw its value plummet by 86% shortly after its launch. This dramatic crash highlights the volatility and risks associated with meme-based cryptocurrencies, urging potential buyers to exercise caution. Zhao's advice serves as a reminder of the unpredictable nature of the crypto market, especially for speculative assets.
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