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. 💛”
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.
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.
Source: https://en.bitcoinsistemi.com/binance-founder-cz-discusses-an-unusual-altcoin-volatility-skyrocketed-but-price-plummeted/