After CZ's Tweet, Meme Coin 'Coinness' Surges Over 1200%, Then Plummets to a $11 million Market Cap

August 3rd, according to GMGN market data, influenced by Binance founder CZ's tweet "Why travel all around when Binance has it all," the related meme coin "CoinExist" on BSC surged over 1200% in a straight line, then retraced sharply. As of the time of writing, the market cap is temporarily reported at $11 million, with a 24-hour trading volume of $11.3 million.

A search shows that Binance Co-CEO He Yi first publicly mentioned this slogan on July 2nd on platform X, and then tweeted related content on July 28th and 31st.

GMGN data shows that "CoinExist" was created on July 28th and migrated to an off-exchange on July 31st.