CZ Statue Unveiling Tied to Anonymous Funders and New Meme Token

A four-meter-tall golden statue honoring Binance founder Changpeng Zhao will be unveiled outside the US Capitol on Wednesday, days after his presidential pardon.

An anonymous collective funded the project with $50,000, while a related meme token, CZSTATUE, launched on BNB Chain and reached a valuation of $577,000.

Anonymous Collective Funds $50,000 Statue Project

An organizer named Nick Zee stated that four anonymous individuals contributed approximately $50,000 to create the statue. The 14-foot structure was manufactured over four 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 ignore fear, uncertainty, and doubt amid heightened regulatory scrutiny. According to Zee, the statue will be displayed publicly for several hours. It will then be presented to Zhao or auctioned to benefit Giggle Academy. Zhao established Giggle Academy, a nonprofit educational organization, after pleading guilty to anti-money laundering violations in 2024.

Zee attributed the statue’s creation to what he described as unjust attacks against Zhao, rising BNB prices, and the recent presidential pardon. However, the financial backers remain unidentified, and the source of the $50,000 remains undisclosed. Binance maintains it has no official connection to the statue project.

Meme Token Launch Raises Transparency Questions

According to reports, a meme token with the ticker CZSTATUE was issued on BNB Chain in connection with the project. The token reportedly reached a market capitalization of approximately $577,000 as of October 28.

Some crypto observers noted unusual trading patterns around the pardon announcement. Crypto analyst NihonNinjaTaro posted on X that a mysterious whale wallet “earned $57K in hours” on CZ pardon-related tokens. The same wallet had previously profited from “predicting” major market events. “Pattern is UNDENIABLE. Watch this wallet = watch the market,” the analyst stated.