CZ, the founder of Binance, the world's largest cryptocurrency exchange, is closely followed by investors because his statements and posts can shape the market or the relevant altcoin.
At this point, CZ recently caused a huge increase in the price of the altcoin called SFP.
CZ mentioned his SafePal (SFP) investment in his post on his X account, and the SFP price rose rapidly after that.
CZ SafePal Increases Its Price!
SafePal (SFP) price surged after CZ announced that he invested in the non-custodial cryptocurrency wallet.
CZ quoted SafePal’s earlier post announcing that it now natively supports perpetual futures trading from decentralized exchange Aster (ASTER).
In this quote, CZ stated that SafePal was in his portfolio and that he made his investment in the early stages, right after the company invested in Trust Wallet.
SFP, which recorded a 26% increase in the hourly candle following CZ's post, continues to trade at $0.55.
*This is not investment advice.
