According to BlockBeats, on July 5, Binance founder CZ's reply to a riddle-themed post triggered a rally in BSC-based meme coins bearing the "CZ" theme. CZ replied "Water (drop) your BNB wallet" to a guess-the-riddle series posted by crypto influencer @TCryptochicks, sparking speculation reminiscent of the "Ansem effect" on Solana.
Two major CZ-themed tokens surged on BSC: CZ (The Final Form Bull) peaked at $41 million market cap, now trading at $29.82 million with 182x gains in 24 hours and $28 million in trading volume; CZ (The Bull) hit $11 million, retreating to $3.88 million with 24x gains and $6.1 million volume. CZ has previously clarified that his tweets do not constitute endorsements, and past related tokens experienced sharp pullbacks after initial rallies.