According to recent tweets from crypto-focused accounts, Changpeng Zhao (CZ), the CEO and co-founder of Binance, has apparently unfollowed Elon Musk on Twitter. This has sparked speculation within the crypto community as to why CZ would stop following such an influential figure in the tech and crypto spheres.
Interestingly, Musk himself recently posted a meme featuring Pepe the Frog, which is the mascot of the PEPE coin. This coincided with a significant surge in the price of PEPE by nearly 60%.
The reported action of Changpeng Zhao (CZ) unfollowing Elon Musk on Twitter has created ripples of curiosity and speculation among the crypto community. CZ, known for his involvement in the cryptocurrency exchange Binance, has garnered a significant following and attention in the industry.
Crypto community mixed reactions
While the exact reason behind CZ’s decision remains unknown, the theory put forward by @WhaleChart suggests that it could be related to Elon Musk’s potential plan of launching a cryptocurrency wallet for Twitter. If Musk were to introduce such a wallet, it could have far-reaching implications for the crypto market and potentially disrupt the status quo.
@Pauly0x, who appears to be an enthusiast of the meme coin PEPE, supports this theory and speculates that if Musk integrates a crypto wallet on Twitter, PEPE might become the platform’s native currency. This user points to Musk’s past tweets where he repeatedly stated, “the most entertaining outcome is the most likely.” It is implied that CZ may not welcome Twitter’s entry into the crypto space, particularly with the potential launch of a wallet and the introduction of digital asset payments, which the Dogecoin community eagerly anticipates.
PEPE gained substantial popularity among investors and traders since its emergence in April, surpassing other meme coins like SHIB and DOGE in terms of trading volume at one point.
The notion that CZ might have concerns about Twitter’s entry into the crypto space aligns with the sentiment of the Dogecoin community, which eagerly awaits the integration of digital asset payments on the platform. Dogecoin, which gained considerable attention due to Elon Musk’s tweets in the past, has been at the forefront of discussions related to Twitter’s potential industry adoption.
It is worth noting that Elon Musk’s affinity for memes and his inclination to tweet about them has become a well-known aspect of his social media presence. The recent posting of a meme featuring Pepe the Frog, the mascot of the PEPE coin, by Musk coinciding with a significant price surge for PEPE adds an intriguing element to the situation.
Overall, the unfollowing of Elon Musk’s Twitter account by CZ and the subsequent speculation within the crypto community has sparked curiosity and discussion about the potential reasons behind this action. As the industry and tech spheres continue to evolve, the actions and interactions of influential figures like CZ and Musk will undoubtedly shape the industry’s future.
