Recently, the hype around CZ's meme coin with the same name has indeed been quite high in the community. According to on-chain data, large transfers have increased by 300% over the past 72 hours, with many top crypto KOLs and whale wallets quietly accumulating.

Why are these big players so active? It's nothing more than recognizing the power of historical cases — previously, MUBARAK coin surged 150% just from a single retweet, and now with the burn benefits supporting CZ's coin, they naturally don't want to miss out.

The surge in on-chain activity indeed reflects market attention, but what does this mean? If you're still on the sidelines, waiting for this wave of capital to push prices higher before entering, you're basically chasing the top. The movements of mainstream exchanges and leading investors often signal the market — but investing should still be rational; chasing the trend is less reliable than following the overall direction.

Currently, the CZ effect still holds considerable influence in the crypto market, but the specific trajectory depends on subsequent fundamental support.