Binance Founder CZ Discusses an Unusual Altcoin: Volatility Skyrocketed, But Price Plummeted

A creative move has taken place in the crypto world. A new altcoin, “ CZ,” has been launched, and the text “ CZ” has been created on the chart using price action. This unusual move was also noticed by Binance founder Changpeng Zhao (CZ). CZ said in a statement on social media, “I never imagined such a use. ” Fiyat hareketi manipülasyonu ile kalp emojisi ve CZ ismi oluşturulan tokenin grafiği. The altcoin in question has witnessed a surge of volatility since CZ's mention. Its market cap is currently around $309,340. It is held by around 1,600 investors. However, with its extremely low liquidity, the altcoin's price action appears to be very risky. Related News: BREAKING: Donald Trump Extends Deadline for Tariffs on China for 90 Days The coin lost 74.45% of its value in just six hours and has fallen by approximately 61% in the last 24 hours. However, the 7-day chart shows a significant 676% increase. CZ's similarly mentioned Test (TST) token lost its intended testing function and became a memecoin. However, such a transformation seems unlikely this time around. *This is not investment advice. Continue Reading: Binance Founder CZ Discusses an Unusual Altcoin: Volatility Skyrocketed, But Price Plummeted