A four-meter-tall golden statue honoring Binance founder Changpeng Zhao shall be unveiled outdoors the US Capitol on Wednesday, days after his presidential pardon.
An nameless collective funded the mission with $50,000, whereas a associated meme token, CZSTATUE, launched on BNB Chain and reached a valuation of $577,000.
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Nameless Collective Funds $50,000 Statue Venture
An organizer named Nick Zee acknowledged that 4 nameless people contributed roughly $50,000 to create the statue. The 14-foot construction was manufactured over 4 weeks by a CNC printing machine, milling the design from dense foam blocks.
The statue depicts Zhao’s trademark four-finger gesture, which references his 2023 pledge to disregard worry, uncertainty, and doubt amid heightened regulatory scrutiny. In line with Zee, the statue shall be displayed publicly for a number of hours. It’ll then be offered to Zhao or auctioned to profit Giggle Academy. Zhao established Giggle Academy, a nonprofit academic group, after pleading responsible to anti-money laundering violations in 2024.
Zee attributed the statue’s creation to what he described as unjust assaults in opposition to Zhao, rising BNB costs, and the latest presidential pardon. Nonetheless, the monetary backers stay unidentified, and the supply of the $50,000 stays undisclosed. Binance maintains it has no official connection to the statue mission.
Meme Token Launch Raises Transparency Questions
In line with reviews, a meme token with the ticker CZSTATUE was issued on BNB Chain in reference to the mission. The token reportedly reached a market capitalization of roughly $577,000 as of October 28.
Some crypto observers famous uncommon buying and selling patterns across the pardon announcement. Crypto analyst NihonNinjaTaro posted on X {that a} mysterious whale pockets “earned $57K in hours” on CZ pardon-related tokens. The identical pockets had beforehand profited from “predicting” main market occasions. “Pattern is UNDENIABLE. Watch this wallet = watch the market,” the analyst acknowledged.
🎯 $160M PROFIT ON “LUCKY” TIMING 🎯
Mysterious whale made $160M shorting BTC earlier than Trump tariff announcement.
Now? Opened $76M Bitcoin quick at 10x leverage.
Similar pockets that predicted:
✅ CZ pardon (earned $57K in hours)
✅ October market crash (good timing)
Coincidence?…
— Taro (@NihonNinjaTaro) October 27, 2025
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The put up highlights rising hypothesis about potential insider information in event-driven token launches.
The $577,000 market cap represents considerably bigger financial exercise than the $50,000 manufacturing value. This means that token issuance has grow to be the first monetary element of the initiative. Nonetheless, the token’s issuer, possession construction, and income distribution mechanisms stay undisclosed, elevating questions on transparency.
The cryptocurrency business has seen an elevated variety of speedy token launches tied to political occasions or public determine developments. Final month, a separate group erected a golden statue of President Trump holding Bitcoin on the similar Capitol location. These event-driven meme tokens have emerged as a technique of quickly accumulating speculative capital. Nonetheless, they might entice regulatory scrutiny from an investor safety standpoint.
WOW 👀 A 12-ft gold Trump statue holding Bitcoin simply popped up outdoors the Capitol – on the identical day the Fed minimize charges.
Crypto and politics on full show. The crossover episode no person noticed coming. 🎭 pic.twitter.com/XwuT26dvRr
— CryptosRus (@CryptosR_Us) September 17, 2025
Pardon Advertising?
Zhao pleaded responsible to anti-money laundering violations in November 2023. This got here as a part of a $4.3 billion settlement between Binance and US authorities. He subsequently resigned as CEO and accomplished a four-month jail sentence in 2024. President Trump issued Zhao’s pardon on October 23.
Senator Elizabeth Warren criticized the transfer. She acknowledged that Zhao first pleaded responsible, then boosted Trump’s cryptocurrency ventures and lobbied for a pardon earlier than receiving it. She characterised the sequence as indicative of corruption.
At a politically delicate second instantly following the pardon, obvious notion as spontaneous third-party recognition offers branding results, whereas official company celebration occasions might invite criticism. Additionally, the inclusion of donations to Giggle Academy provides a philanthropic dimension.
Nonetheless, obtainable info can not verify the precise movement of funds and any connections between the nameless backers and Zhao or Binance-affiliated people. BNB worth has elevated 18% over the previous month. It’s buying and selling round $1,140 on the time of writing.
BNB worth chart: BeInCrypto
