In Washington, a tribute has been paid to Changpeng Zhao, the richest crypto magnate and the founder of Binance, in the form of a foam-block gold-painted monument. The design is fulfilled in the spirit of modern crypto art: short-lived, flashy, and meaningful. The life-sized statue features Zhao with his hand raised, displaying four fingers, representing his four principles of life: learn, follow the rules, focus on the product, and do not wage war against fake news.

The monument, funded by an anonymous group of sponsors for $50,000, is intended either as a gift for Zhao or to be auctioned to support his educational project, Giggle Academy. This adds an ironic twist, given that just recently the crypto king received a pardon from Donald Trump, erasing four months in prison for financial misconduct.

As the monument is polished and prepared for its unveiling at the Capitol, a memecoin under the ticker CZSTATUE is not lagging behind — its market capitalization is already approaching half a million dollars.