CZ responds to the KOL who called for GSTOCK trades nine times this week; the token price surges nearly threefold to hit a new high.
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Binance founder CZ today responded to crypto KOL Jasmy, stating, "The idea of acquiring a listed company via a meme is definitely not something I came up with." Notably, the KOL’s posts on X this week have all centered on GSTOCK, with a total of 9 buy calls. According to GMGN market data, GSTOCK has just hit an all-time high, with its current market cap at $20.74 million, after dropping below $7 million earlier this morning. The GSTOCK token is paired with BNCB, the on-chain token of BNB Treasury Company BNC, as its liquidity pool base. Genius Terminal, an on-chain trading terminal invested in by YZi Labs and with CZ as an advisor, previously announced the official launch of its token issuance platform genius.fun on BNB Chain. The platform allows creators to transfer tokenized stocks like bSTOCKS to an ownerless foundation and unwrap them, enabling attempts to exercise equity-related rights off-chain. BlockBeats reminds users that relevant tokens are highly volatile, so investors should exercise caution.
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