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Binance founder and former CEO Changpeng Zhao reacted to an altcoin project on social media platform X. The official X account of Slerf (SLERF), a memecoin project within the Solana ecosystem, shared a screenshot of a message allegedly exchanged between the developers and Zhao. The conversation in question included statements indicating Zhao's interest in SLERF. There was a sudden increase in the price of SLERF within minutes of the post, with the token seeing a sudden appreciation of approximately 4%. Chart showing the rise in the price of SLERF. Following CZ's announcement, the token's price also saw a decline. Related News: What Did Giant Altcoin Whales Do During Bitcoin's Rise? Here Are Their Transactions However, Zhao's real X account quickly responded to the project's post. Zhao categorically stated that he had no connection to the project and that the screenshot was fake: “It's fake. If you believe a screenshot is real in 2025, your assets will soon become someone else's assets.” Slerf developers, on the other hand, argued that the screenshot was shared “for joke purposes” and that they did not want to cause an increase in the price of their token with the fake image. *This is not investment advice. Continue Reading: Binance Founder CZ Criticizes an Altcoin Harshly: They Shared Fake Screenshots