In This Article
- CZ Binance MUBARAK Crypto Purchase Comes As Surprise After Previously Stating Commitment To Building "Projects With Real-World Use Cases"
- CZ Binance Couldn't Stay Out Of The Meme Coin Space For Long With Latest MUBARAK And TST Purchases
- BONUS: MEMEX Presale Ends In Less Than Two Weeks - Last Chance To Secure A Bag
- Four Meme Index Baskets Explained:
Founder and former CEO of leading crypto exchange Binance, Changpeng Zhao (CZ), made his first public purchase of a meme coin. His public address was seen purchasing 1 BNB ($600) of the BNB Chain-based token Mubarak (MUBARAK).
CZ’s MUBARAK purchase was spotted by blockchain analytics platform @lookonchain indexed, confirming that the Binance founder purchased $600 worth of MUBARAK tokens, equating to 1 BNB.
CZ(@cz_binance) spent 1 $BNB($600) to buy $mubarak and 1 $BNB ($600) to buy $TST 30 mins ago.https://t.co/0QdzQYfn7A pic.twitter.com/yv6YPuAnXY
— Lookonchain (@lookonchain) March 16, 2025
CZ Binance MUBARAK Crypto Purchase Comes As Surprise After Previously Stating Commitment To Building “Projects With Real-World Use Cases”
On-chain data shows that the blockchain wallet affiliated with CZ initiated the transaction yesterday at 10:53 (UTC) on the BNB Chain DEX, PancakeSwap.
After swapping 1 BNB, the wallet received 20,150 MUBARAK tokens. His coin spending spree didn’t stop there, as @lookonchain also confirmed that CZ swapped a further 1 BNB in exchange for 9,161 Test (TST), another BNB Chain meme coin.
In February 2025, following controversy over the launch of TST, CZ claimed he had never bought any meme coins. At the time, he stated his commitment to building solid fundamental projects with real-world use cases.
Broccoli's Story
A year and a half ago, I casually chatted with a friend who owned a (real) zoo in Dubai. Curious, I asked what dog breed is adapted to the Dubai summer heat. I had no plans to get a dog.
Later that evening, my doorbell rang, and a young Belgian Malinois showed… pic.twitter.com/vSLiHiS4fC
— CZ 🔶 BNB (@cz_binance) February 13, 2025
He also came under fire for teasing the announcement of his dog’s name, which resulted in dozens of scam tokens launched, all ending in rug pulls.
CZ feigned ignorance about how the meme coin space worked, saying, “Yes, I wanted to see more activity on BSC. And I did not want to get involved in issuing/running a meme coin, as I have zero experience.”
As a result, there is now an established meme coin named after CZ’s dog, Broccoli. However, the Binance founder has distanced himself from the project, saying that the best team would win.
The winning BROCCOLI token is still going strong, processing over $24m in daily volume with a market cap of over $34 million.
CZ Binance Couldn’t Stay Out Of The Meme Coin Space For Long With Latest MUBARAK And TST Purchases
The former Binance CEO’s recent investments in meme coins, particularly MUBARAK, have drawn raised eyebrows from the crypto market after seemingly distancing himself from the space in February.
Following CZ’s 1 BNB purchase, the price of MUBARAK shot up over 5x once @lookonchain alerted the market to the buy. However, the surge in price was also influenced by its listing on Binance Alpha, a sub-unit of the leading crypto exchange.
MUBARAK launched on BNB Chain’s Four.Meme (BNB Chain version of Pump.fun) platform on March 14. It was launched shortly after CZ reacted to a Binance post about Mubarak.
Since its March 14 launch, MUBARAK has increased over 1000x as it debuted with a tiny market cap of just $6,000. It is now an established meme coin on the BNB Chain, and its backing is from CZ and Binance Alpha listing.
It is now the leading Islamic-themed cryptocurrency, launched during the holy month of Ramadan, which ends on March 30.
BONUS: MEMEX Presale Ends In Less Than Two Weeks – Last Chance To Secure A Bag
With CZ giving the meme coin sector a much-needed boost, the Meme Index (MEMEX) is the perfect play for investors who want exposure to the volatile space without entering the trenches.
The meme coin space is well known for moving at a breakneck speed, with even the most degen traders unable to keep up with the price action.
This is where MEMEX enters into play. It is a first-of-its-kind platform offering users a chance to invest in a basket of meme coins, with four different funds on offer. There is an index for every kind of investor, which is detailed below.
Four Meme Index Baskets Explained:
These Memes are not stopping for anybody!
4M Raised!📈📈🔥 pic.twitter.com/hvCisIwm4L
— Meme Index (@memecoin_index) March 13, 2025
Meme Titan Index: Includes meme coins valued at $1 billion or more for the more risk-averse.
Moonshot Index: This index features tokens between $250 million and $1 billion for those hoping for an established meme to become the next DOGE.
Midcap Index: This index covers tokens ranging from $50 to $250 million, and it is for those wanting a healthy level of risk.
Meme Frenzy Index: Consists of tokens valued under $50 million for true degens.
The experienced team behind MEMEX carefully curates these Meme Index baskets. However, MEMEX also acts as a governance token, giving holders a say on which tokens to add or remove from a particular fund.
Meme Index recently surpassed $4 million in presale funding, which could see a late flurry of investment on the back of CZ’s meme coin purchases
The Meme Index website shows a timer with just 13 days left. Once it runs out, MEMEX will hit the open market, going live on both DEXs and CEXs in less than two weeks.
VISIT THE MEME INDEX PRESALE HERE
EXPLORE: Best New Cryptocurrencies to Invest in 2025
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Binance founder CZ purchases 1 BNB of the MUBARAK meme coin
- MUBARAK surges over 5x since CZ’s purchase on March 16
- CZ recently distanced himself from meme coins after drama surrounding his dog, BROCCOLI and the TST token
- The former Binance CEO didn’t stay away from meme coins for long with last weekends MUBARAK purchase
- Meme Index (MEMEX) presale offers investors a way to invest in multiple meme coins via its carefully curated meme funds and has hit over $4m in early stage funding
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In This Article
- CZ Binance MUBARAK Crypto Purchase Comes As Surprise After Previously Stating Commitment To Building "Projects With Real-World Use Cases"
- CZ Binance Couldn't Stay Out Of The Meme Coin Space For Long With Latest MUBARAK And TST Purchases
- BONUS: MEMEX Presale Ends In Less Than Two Weeks - Last Chance To Secure A Bag
- Four Meme Index Baskets Explained:
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