'Czstatue' token's pump and dump.

A statue of Changpeng “CZ” Zhao in Washington, D.C. became the center of a memecoin frenzy after the “czstatue” token surged 27,000% in a day before collapsing. Zhao said he doesn’t appreciate being used for profit, telling followers “don’t buy the meme.” CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Taylor Fleming.