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CZ “Surfing Accident” Hoax Sparks Meme Coin Frenzy Across Solana And BNB Chain

BeInCrypto
A false rumor regarding a surfing accident involving Changpeng Zhao triggered a wave of speculative meme coin launches on Solana and BNB Chain.

Summary

A viral hoax claiming that Binance founder Changpeng Zhao (CZ) had gone missing in a Dubai surfing accident has been debunked by the subject himself. Despite CZ clarifying that he does not surf and that Dubai is not a surfing destination, the misinformation prompted opportunistic traders to launch low-cap meme coins on Solana and BNB Chain, primarily using tickers like SEAZ and RIPCZ. These tokens saw rapid, high-volume trading despite their minimal liquidity and lack of intrinsic value, reflecting a recurring pattern of speculative activity surrounding celebrity-linked rumors in the cryptocurrency market.

(Source:BeInCrypto)