Golden Statue of Changpeng Zhao Built in Front of US Capitol, Anonymously Funded!

Jakarta, Pintu News – A four-meter gold statue honoring Binance founder Changpeng Zhao will be unveiled outside the US Capitol on Wednesday. The construction of the statue was funded by an anonymous collective with $50,000. Simultaneously, the launch of the CZSTATUE meme token on BNB Chain reached a valuation of $577,000.

Anonymous Funding for Sculpture Project $50,000

An organizer named Nick Zee revealed that four anonymous individuals contributed around $50,000 to the creation of the sculpture. The 14-foot-tall sculpture was created over four weeks using a CNC printer, which sculpted the design from a solid block of foam.

The statue depicts Zhao’s signature four-finger gesture, symbolic of his promise in 2023 to abandon fear, uncertainty and doubt amid increased regulatory scrutiny.

The statue not only symbolizes Zhao’s success, but also raises questions about who exactly funded the project. The involvement of anonymous individuals adds to the mystery and speculation regarding the motivation behind the statue’s construction.

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Meme Token Launch Raises Transparency Questions

A meme token with the mark CZSTATUE was launched on BNB Chain in connection with the statue project. The token reportedly reached a market capitalization of approximately $577,000 as of October 28. Some crypto watchers noted unusual trading patterns around the pardon announcement, which raised questions about insider knowledge in the event-driven token launch.

The link between the token launch and Zhao’s pardon adds complexity to crypto market analysis. Market watchers are concerned that this could set a bad precedent for future token launches, where insider information could be manipulated for personal gain.

Forgiveness and Marketing?

Zhao pleaded guilty to anti-money laundering violations in November 2023 and subsequently received a presidential pardon on October 23. Senator Elizabeth Warren criticized the move, describing it as indicative of corruption.

While the donations made to Giggle Academy add a philanthropic dimension, the actual flow of funds and connections between the anonymous supporter and Zhao or individuals affiliated with Binance remain unconfirmed. This criticism highlights broader concerns regarding influence and power in the crypto industry, as well as how political decisions can affect public perception and market value.

Conclusion

The unveiling of the Changpeng Zhao statue and the launch of the CZSTATUE token highlight the complex dynamics between finance, politics and new technologies. While the statue may be considered a tribute, the questions it raises about transparency and ethics in funding and launching new tokens cannot be ignored.

Also Read: Bitcoin Reserve Drop on Binance: A Bullish Signal for BTC Price in November 2025?

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Reference

• BeInCrypto. CZ Statue Unveiling Tied to Anonymous Funders and New Meme Token. Accessed on October 29, 2025