CZ Clarifies After Burning Meme Coin, Related Token Initially Surges Before Falling by Over 27%

BlockBeats News, July 13, according to GMGN market data, CZ clarified that the meme coin burned last night was only to clean the wallet. As a result, the related token experienced a rise and fall. At the time of writing, CZ has plummeted over 27% in the past hour, with a market capitalization of $16.41 million, approaching the coin's price before the burn.