- Changpeng Zhao (CZ), the CEO of Binance, has reportedly unfollowed Elon Musk on Twitter.
- Speculations suggest that CZ’s decision may be related to Elon Musk’s potential launch of a cryptocurrency wallet for Twitter.
Binance CEO Unfollows Elon Musk on Twitter, Prompting Speculation
The crypto community is abuzz with speculation after reports surfaced that Changpeng Zhao (CZ), the CEO of Binance, has unfollowed Elon Musk’s Twitter account. This development has raised questions about the possible reasons behind CZ’s decision to stop following one of the most influential figures in the tech and crypto industries.
Possible Reasons and Musk’s Attention to Pepe Memes
One speculated reason for CZ’s unfollowing of Elon Musk is his apparent disapproval of Musk’s plan to launch a cryptocurrency wallet for Twitter. Twitter user @Pauly0x, the founder of Not Larva Labs, expressed this viewpoint, particularly emphasizing the potential impact on the meme coin Pepe. @Pauly0x believes that once Musk introduces a crypto wallet for Twitter, Pepe could become its native currency. The user referenced Musk’s tweet about the “most entertaining outcome” being the most likely, suggesting that CZ may have concerns about Twitter’s entry into the crypto space.
In recent days, Elon Musk himself has shown an interest in Pepe memes. Musk, known for his affinity for memes, shared a Pepe the Frog meme on Saturday, coinciding with a significant price surge for the PEPE coin.
Regarding Twitter’s involvement in the crypto space, the company had previously announced its intention to develop its own cryptocurrency wallet. However, after Elon Musk’s acquisition deal with Twitter, the wallet development was put on hold. Twitter has recently introduced a Subscription feature that allows users to pay for additional content from creators, with Musk stating that Twitter will not retain any of the money during the first year and will subsequently keep 10% of subscribers’ payments.
The motivations behind CZ’s decision to unfollow Elon Musk on Twitter remain speculative. However, the crypto community continues to closely monitor these developments and their potential implications for the industry and the respective projects involved.