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FollowingSometimes, the enthusiasm in the crypto market doesn’t require complex logic at all—just a simple statement. It was just days after He Yi, co-founder of Binance, posted a tweet saying “Wish you a happy Binance life,” that a meme coin inspired by this message emerged quickly. Then, CZ’s tweet “#BNBmeme Szn!” acted like a matchstick, igniting the entire market’s emotions. In just a few hours, BNB’s price soared to a record high of nearly $1300, and its market value even surpassed XRP for a while. Meanwhile, various “Binance-themed” tokens on the BNB chain also experienced significant increases, once again proving that in the crypto world, emotions and humor can be more effective than technical aspects.
CZ hinted that he might create meme coins to promote himself in the market.
During this boom, the token named “Binance Life” became the most popular topic. In just three days, its market value increased to $500 million, with a maximum increase of 7,000 times.
In response to the market’s enthusiasm, CZ said on X that he didn’t intend to promote any meme coins. He said it was just a coincidence, and he simply posted a tweet, which was misinterpreted by the market. He added that anything one says can be used for speculation nowadays, and avoiding certain topics might seem unnatural. Therefore, he chose to remain natural in his statements, but clarified that he had no intention of promoting any specific tokens.
It’s worth mentioning that Binance officials also followed the trend by using “Binance Life” as part of their promotional efforts, further adding to the market’s excitement.
GIGGLE’s value increased by 17 times in less than half a month.
Despite CZ’s cautious approach, this tweet still triggered a chain reaction in the market. The GIGGLE token, which is related to the educational charity project Giggle Academy, was worth only $7.99 before the announcement. By the deadline, its value had increased by over 1676%, reaching $139.46.
Meme coins represent high-risk speculative investments.
Behind the hype around meme coins, regulatory concerns are also emerging. Since prices are largely driven by community consensus and FOMO (fear of missing out), regulators are beginning to focus on whether platforms and influencers are having too much of an impact on individual investors. For the BNB chain to continue growing in the future, it will be necessary to strike a balance between ecosystem vitality and risk of bubbles.
CZ has also repeatedly warned investors to remain rational, emphasizing that meme coins are high-risk assets, and their prices could experience significant corrections in a very short period of time. He admitted that this market movement was completely unexpected.
