What is the CZSTATUE Token?

The CZSTATUE token is one of the latest examples of the memecoin phenomenon: cryptocurrency coins that emerge from viral moments, public figures, or internet humor, and are then traded speculatively. CZSTATUE was launched on the BNB Chain network at the end of October 2025.

This token appeared at the same time as the installation of a giant gold statue of Changpeng “CZ” Zhao, the founder of Binance, which was displayed for several hours near the Capitol Building in Washington, D.C. as a tribute from an anonymous group after CZ received a presidential pardon.

Read also: What is Bitlight (LIGHT)? Getting to Know a New and Still Mysterious Token

Background of CZSTATUE

The CZSTATUE token (Contract Address: 0xf3d66384d6ebad416c7a16c7d4ed6ac96b104444) did not appear out of thin air. It is directly related to two important events that occurred almost simultaneously:

The CZ gold statue

A statue approximately 4 meters (about 14 feet) tall, plated in gold, depicting CZ with his signature four-finger gesture.

This gesture is known as a symbol for “ignore FUD,” which was CZ's call in 2023 for the crypto community not to panic in the face of fear, uncertainty, and doubt.

The statue was funded by an anonymous group of donors who claimed to have raised around US$50,000.

The statue was displayed for several hours in Washington, D.C., shortly after CZ received a pardon from President Donald Trump on October 23, 2025, after serving a four-month prison sentence for anti-money laundering violations he admitted to in 2023.

The launch of the CZSTATUE memecoin

Along with the appearance of the statue, a token with the ticker CZSTATUE was released on the BNB Chain.

Its creators positioned this token as part of the moment, as if it were an “on-chain souvenir” of the public celebration of CZ. The token then began to trade rapidly on the BNB Chain-based DEX.

This narrative is very similar to a pattern that has often occurred in the crypto market: a political moment or famous figure triggers the birth of a memecoin, with the hope that the surge in attention will attract liquidity from traders who are afraid of missing out on the trend.

Read also: What is Walrus (WAL)? The Fast-Growing Solana Token

Basic Characteristics of the CZSTATUE Token

Let's look at the main features of the CZSTATUE token as reported in the market:

1. Blockchain
2. CZSTATUE is issued on the BNB Chain (also known as the Binance Smart Chain). This is common for memecoins because transaction fees are relatively low and the listing process on community DEXs is relatively fast.
3. Total Supply
4. The total supply is reported to be around 100,000,000 CZSTATUE tokens at the time of initial launch. The distribution structure is not fully disclosed to the public, which immediately raises questions about the transparency of initial ownership.
5. Listing and trading
6. The token appeared on several DEXs with pairs against other assets in the BNB Chain ecosystem. Daily trading volume surged to tens of millions of US dollars within hours to days after launch.

Within hours, the token's market capitalization reportedly touched the range of 4 million to 6.8 million US dollars before falling sharply.

1. Asset category
2. CZSTATUE is essentially a memecoin. There is no functional utility explanation beyond its status as a “cultural icon” surrounding CZ, his statue, and the moment of political forgiveness.

This differs from DeFi protocol tokens, which have clear utility. CZSTATUE is closer to a speculative asset dependent on market sentiment.

This is important to understand because many retail traders often assume that tokens themed around famous figures automatically have official support. In the case of CZSTATUE, this is not true.

Read also: What is Grokpedia and Why Did Elon Musk Create It?

Price Performance: Surge, Euphoria, Then Crash

The price movement of CZSTATUE since its inception illustrates the highly aggressive nature of the memecoin market.

Some notable points:

1. The initial market cap was reported to be in the range of hundreds of thousands of US dollars (around 500-600 thousand US dollars). Shortly thereafter, it rose to millions of US dollars, even approaching or exceeding 4 million US dollars, and was reported to have surged to around 6.8 million US dollars at the peak of speculation. At the same time, daily trading volume exceeded tens of millions of US dollars.
2. After the initial hype, the price of CZSTATUE fell dramatically. Market reports cited declines of around 86 percent to 99 percent in just a matter of hours from its peak. This signaled massive selling pressure from early holders.
3. Meanwhile, claims emerged from on-chain analysts that one large wallet controlled a significant percentage of the token supply. This pattern is often seen as a signal of price manipulation risk, as a single entity can pressure the market simply by selling in large quantities.

The simple conclusion: CZSTATUE's volatility isn't just high. It's extreme. This is a classic example of a “pump and dump,” which is common in memecoins themed around public figures.

For new crypto users, patterns like this are risky because late buying decisions can cause buyers to enter at the peak price and then get stuck when the price crashes.

Read also: What is Union (U)? How to Buy Tokens and Union (U) Price Prediction in 2025

Official Warning from CZ Himself

One interesting and very rare thing is the direct reaction from the figure who is the theme of this token.

Changpeng “CZ” Zhao has publicly stated that he is not involved with the CZSTATUE token. He also wrote a public message urging people not to buy the token.

In his message, CZ said that while he appreciated the gesture of the statue, the existence of a memecoin attached to his name looked like an attempt by some people to make a quick buck by using his image.

CZ called it something he did not appreciate, and clearly wrote, “Don't buy this meme.”

CZ also added that he doesn't even want a statue of himself. He quipped that no one with a healthy ego would want to display a statue of themselves at home.

This kind of direct warning is very important. Usually, memecoins themed after famous figures use their name recognition as indirect marketing. In the case of CZSTATUE, the figure himself publicly asked people not to buy it.

This message sends a strong signal that traders should not assume this token has the official blessing of Binance or CZ.

Read also: What is 修仙 (Xiuxian) Meme Coin? A Unique Introduction to the World of Crypto

Key Risks for Retail Investors

Before anyone is tempted to buy tokens like CZSTATUE just because they are viral, there are several important risks to understand:

1. Low transparency
2. The token's creators are not entirely clear. The initial distribution of the token was also not published in detail. When the ownership structure is unclear, the potential for manipulation increases.
3. Concentration of large wallets
4. On-chain analytics reports indicate that there are wallets holding a significant portion of the supply. This situation allows for a scenario where a large portion of the supply is suddenly sold to the market, triggering an extreme price drop.
5. Extreme volatility
6. Price drops of more than 80 percent to 99 percent in a matter of hours have already occurred. This is not theory, it is historical fact for this token.
7. Political hype and public figures
8. This token was born out of a major political moment: the president's pardon of a famous crypto figure and the installation of his statue in a symbolic location near the Capitol. Things like this usually attract fast traders who chase narratives, not long-term value.
9. No clear utility
10. Unlike utility tokens that serve a function within a DeFi protocol or specific ecosystem, CZSTATUE is more akin to digital memorabilia. Once the hype subsides, demand could vanish.

In essence, CZSTATUE is a token with extremely high risk. The worst-case scenario for retail buyers is losing nearly all their capital within just a few hours of trading.

Read also: SOON Token Coming Soon to Bittime, the Rising Solana Ecosystem Project

The Importance of Using a Secure Trading Platform

For Indonesian users who are becoming interested in the crypto market, the important point is not just “which token is viral,” but “where do you store your funds.”

Here, the security of platforms such as Bittime becomes relevant. Bittime emphasizes secure, transparent, and user-friendly crypto trading. You can start with a rupiah deposit, learn about assets, and manage your portfolio with clear account protection. This is much healthier than jumping straight into memecoins with unclear team origins.

If you're just starting out, here's a safe approach:

• Register on a trusted and regulated platform.
• Enable account security features such as two-factor authentication.
• Understand the risk profile of an asset before buying it.

Want to get started in a more focused way?

You can open an account and start managing your crypto assets securely on Bittime, then learn about stable assets and major assets before touching high-risk memecoins.

Read also: STBL Token Officially Listed on Bittime, a Fast-Growing DeFi Stablecoin

Conclusion

The CZSTATUE token is a snapshot of memecoin culture in the modern crypto era. This token emerged from the political moment and public image of a major figure, Changpeng “CZ” Zhao.

The gold CZ statue briefly displayed near the Capitol, the claim of anonymous funding of $50,000, and the narrative of presidential pardon all contributed to a dramatic stage.

The result? An extreme price surge to millions of dollars in market capitalization, tens of millions of dollars in volume, then a crash of tens of percent to near extinction in just the first hour.

What makes this case even clearer: CZ himself publicly asked people not to buy the token, and emphasized that he was not involved.

So, if there’s one lesson from CZSTATUE, it’s this: memecoins themed around famous figures may seem fun and viral, but the risks are extremely high.

For some, memecoins are just extreme speculation. For retail investors without proper preparation, this could mean losing funds in a matter of hours.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is the CZSTATUE token?

CZSTATUE is a memecoin issued on the BNB Chain and inspired by the golden statue of Changpeng “CZ” Zhao displayed near the Capitol Building in Washington, D.C., after he received a presidential pardon.

Does CZ support the CZSTATUE token?

No. CZ has publicly stated that he is not involved and has even asked the public not to buy this token. He called the token an attempt to make a quick buck off his name.

Why did the price of CZSTATUE rise and then fall so quickly?

Because this token is a speculative memecoin. After the initial hype and a large buying spree, several large wallets allegedly sold in large quantities, causing the price to plummet by more than 80 percent in just a few hours.

What are the main risks of buying CZSTATUE?

Risks include low team transparency, concentrated token ownership, extreme volatility, and no clear utility. This could cause the token's value to drop to nearly zero in a short time.

Should I buy tokens like CZSTATUE?

Memecoins like CZSTATUE are only suitable for people who truly understand the risks and are prepared to lose their capital. For beginners, it makes much more sense to learn through more stable assets and use a secure trading platform like Bittime before diving into high-risk memecoins.