One Clap From Changpeng Zhao and a BNB Chain Token Went Vertical

Binance founder Changpeng “CZ” Zhao applauded a new BNB Chain launchpad with a single clap emoji on Thursday. The GENIUS token spiked within hours. Zhao then questioned whether his post caused the move.

He said he never checked the chart and pointed to the project’s own product release instead. CZ Points Away From His Post on the GENIUS Token Genius Terminal, an onchain trading platform whose token runs on BNB Chain, opened a launchpad called genius.fun on Thursday.

Zhao marked the announcement with one clap and nothing else. The GENIUS price went near vertical, climbing above $0.42 before drifting back through the day. GENIUS carries a market cap near $118 million, small enough that one post can shift it.

The token still trades well below its April high of $0.95. Genius Price Performance. Source: BeInCrypto Markets However, Zhao questioned that link on Friday after one user credited him for the candle. He posts about projects making progress on BNB Chain, he said.