Changpeng Zhao (CZ) Reminds Investors: Golden Statue Coin’s 27,000% Rise Could Signal Danger

Jakarta, Pintu News – Changpeng Zhao, better known as CZ, the founder of Binance, has publicly declined involvement with a new token inspired by him. The token, named “CZSTATUE”, experienced a very sharp rise, reaching 27,000% within just a few hours of its launch, but then crashed almost completely.

CZ expressed his concerns through a post on X, advising users not to buy the token as it was seen as a quick way to make money.

In his statement, CZ emphasized that the token has no real investment value and only aims to profit from its popularity. He advised investors to be more cautious and conduct in-depth research before investing in crypto assets, especially those that are newly launched and untested.

CZSTATUE Surges and Sudden Collapses

Despite the warning from CZ, trading activity of the CZSTATUE token increased sharply. In a short period of time, the token’s market capitalization reached $6.8 million, rising from $3 million to $4 million in just one hour. Data shows that the token managed to generate a 24-hour trading volume of $20 million before the token’s value fell almost as fast as it rose.

Analyses from various parties point to concerns regarding the distribution of CZSTATUE tokens. More than 15% of the token supply is held by newly created wallets, which raises suspicions of inside manipulation or unfair token structure. This adds to concerns about the risks that investors who were tempted by the initial price spike may face.

Also read: Solana (SOL) Price Prediction in November 2025!

Market Reaction and Implications

The market reaction to CZ’s statement and the behavior of the CZSTATUE token provide important lessons about volatility and risk in crypto markets. Investors and crypto market analysts should always be on the lookout for possible “pump and dump” schemes, where token prices are deliberately inflated and then sold at high prices by large holders.

The importance of transparency and fairness in token distribution is highlighted in this case. Investors are advised to check how tokens are distributed and who holds large amounts before making investment decisions. This incident also shows the importance of listening to the advice of credible and experienced crypto personalities like CZ.

Conclusion

The CZSTATUE case is a clear example of the challenges and risks involved in crypto investments. It is a reminder to investors to always exercise caution and due diligence before engaging in seemingly lucrative but high-risk investments. Listening to advice from experts and following market developments closely are key to avoiding unnecessary losses.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Changpeng Zhao (CZ) Warns Investors: Don’t Buy Golden Statue Meme Coin After 27,000% Surge. Accessed on October 30, 2025
• Featured Image: Letizo