#PPIShockwave , #memecoin on this wave. Instead of sharing details,#Zhao asked to explain how the process of creating and launching "meme" #crypto coins works.

"Honest newbie question. How does this work? I share my dog's name and photo and then people create memecoins? How do I know which one is 'official'? Or does it not matter at all?" CZ wrote .

Users explained everything. To this, the Binance founder responded that he would think about launching a “meme” token .

"I'll think about it for a day or so - as I usually do when I have to make a big decision. Respect the dog's privacy or lay all my cards on the table for the sake of business? Okay, I'll see how the memecoins work on BNB Chain," he said .

Zhao later wrote that he would publish a photo and name his dog today. Traders began actively buying BNB, driving up the price of the cryptocurrency by more than 20% . At the time of writing, the asset is trading at $712.02.

Users are already launching “meme” coins dedicated to the dog #CZ

While CZ hasn't shared anything yet, crypto community members have already launched several memecoins. One of these tokens, Binance Dog ($CZDOG), has jumped 109%, reaching $8 billion in market cap in just five hours after its release.