Changpeng Zhao (CZ) denied a viral rumor that claimed he went lacking in a Dubai browsing accident on Sunday. The fabricated story unfold first via Chinese language-language WeChat teams.
In his pushback, the Binance founder famous Dubai shouldn’t be a browsing vacation spot however opportunistic merchants had already spun up tiny meme cash on Solana and BNB Chain.
Hoax Triggers Wave Of Low-Cap Meme Coin Launches
The fabricated submit claimed CZ had been swept out to sea close to Jumeirah seashore as rescue groups searched.
“In line with eyewitnesses and safety personnel on the scene, the ocean appeared calm on the time, however the rip present was extraordinarily sturdy. Zhao was reportedly swept out to sea with out warning and disappeared from sight inside moments. Native coastal guards and maritime rescue groups shortly deployed speedboats, drones, and rescue helicopters to conduct a large-scale search operation,” the submit claimed.
Inside hours, merchants deployed knockoff tokens on pump.enjoyable and the BNB Chain meme launchpad, most carrying SEAZ and RIPCZ tickers.
GeckoTerminal knowledge reveals a number of SEAZ swimming pools on Solana priced beneath one-thousandth of a cent. Market caps ranged from roughly $2,400 to $4,600 with liquidity beneath $6,000.
The BNB Chain model on PancakeSwap V2 traded close to $8,300 in market cap on $9,500 of liquidity. One Solana SEAZ pool printed about $114,000 in quantity on simply $5,683 of liquidity.
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The setup recollects previous Solana meme coin rugs. Most tokens dropped 10% to 40% inside hours of launch.
CZ Pushes Again On The Rumor Cycle
CZ addressed the hoax, noting that he kite surfs somewhat than surfs and invited followers to strive Surf Abu Dhabi collectively.
The Binance founder has criticized meme coin merchants earlier than for chasing tokens tied to his identify.
“I’m not towards memes, however meme cash are getting “somewhat” bizarre now,” he famous.
The incident mirrors previous Binance pretend information incidents, together with an Interpol crimson discover rumor that briefly hit BNB.
This sample additionally recollects earlier CZ-linked meme frenzy incidents, when merchants piled into skinny tokens earlier than momentum collapsed.
The submit CZ “Browsing Accident” Hoax Sparks Meme Coin Frenzy Throughout Solana And BNB Chain appeared first on BeInCrypto.