Changpeng Zhao (CZ), former CEO of Binance, is stepping back from the political noise surrounding the $TRUMP meme coin. In a recent podcast appearance, CZ firmly stated he holds no TRUMP tokens and has no connection to the meme project — distancing himself from the rumors linking him to former U.S. President Donald Trump.
With the line between crypto and politics blurring more each day, CZ’s clarification seems aimed at avoiding entanglement in America’s increasingly polarized sociopolitical landscape.
TRUMP Coin: Hype, Rumors, and a Dinner Invitation
CZ acknowledged the chatter surrounding TRUMP coin, admitting he’s seen the name pop up frequently — particularly because of its association with the former president. While the idea of a Trump-backed token continues to swirl through crypto Twitter, skepticism lingers within the community.
Fueling the speculation is a high-profile event supposedly planned for later this month: a dinner exclusively for the top 220 holders of the TRUMP token. Though there’s no direct confirmation from Trump himself, the prospect of such a gala has captured the imagination — and the wallets — of retail traders.
Price Whiplash as Gala Rumors Fly
The news of the potential Trump gala gave TRUMP coin an adrenaline shot. The token more than doubled in value within days, spiking nearly 110% before reality — or perhaps doubt — brought prices back down.
According to TradingView, TRUMP hit a local high of $16.43 toward the end of April before pulling back sharply by 38% to a low of $10.39. As of now, it’s trading near $12.13, showing signs of stabilization but remaining highly volatile.
Political Heat Rises as Trump-Crypto Ties Scrutinized
Meanwhile, whispers about Trump’s deeper involvement in crypto have turned into a full-blown political talking point. The upcoming gala — and Trump’s apparent comfort with crypto circles — has raised eyebrows in Washington.
Democratic lawmakers, seizing on the moment, have reportedly delayed discussions on a proposed crypto regulation bill, citing Trump’s alleged personal stake in projects like TRUMP coin. They argue the former president’s ties present a serious conflict of interest, adding fuel to an already contentious policy debate.
A Waiting Game for the Crypto World
For now, the crypto space is holding its breath. The TRUMP coin website boldly promotes the gala as “the most exclusive innovation in the world.” But whether the event will unfold as promised — or whether it will lead to greater regulatory scrutiny — remains to be seen.
One thing is clear: CZ wants no part in the circus. And as for TRUMP coin, its fate may hinge less on market dynamics and more on political theater.
