Reconciliation between rivals? CZ teams up with former employees to launch the prediction platform predict.fun

Original Title: "Reconciliation with CZ, dingaling Returns to the Prediction Market with predict.fun"
Original Author: Golem, Odaily Planet Daily

On December 4, Binance founder CZ announced that the new prediction platform predict.fun, incubated by YZi Labs, will soon launch on the BNB Chain. Unlike traditional prediction markets such as Polymarket and Kalshi, predict.fun implements a key innovation: the funds users participate with in predictions are no longer idle, but can simultaneously generate additional returns during the prediction period.

Although the product has not officially launched, this mechanism has already attracted widespread attention. Its core logic likely combines the "prediction market + DeFi" model—meaning the platform will intelligently allocate the prediction funds invested by users into DeFi strategies, significantly enhancing the efficiency of capital utilization. If the DeFi strategies operate robustly, users can not only enjoy the potential returns from predictions but also accumulate continuous earnings, which also provides a buffer against potential losses in predictions. This design is undoubtedly an innovation worth noting in the prediction space.

In addition to the official investment announcement, CZ also revealed that the project's founder previously worked at Binance, adding a layer of industry recognition to its background. Interestingly, this founder is the well-known figure in the NFT space, dingaling, whose past experiences and community influence have led many to have lower expectations for predict.fun.

"Who is dingaling" sparked widespread discussion in May this year. Although his real identity has not been disclosed to the public, various stories circulating online have already painted a picture of him. He is a serial entrepreneur who accurately grasps the trends in crypto, a well-known NFT whale, and an employee who was fired by Binance for insider trading, "CZ's old nemesis."

When Uniswap was booming, dingaling launched PancakeSwap; when Opensea was popular, dingaling created LooksRare; when pump.fun was "making thousands a day," he initiated boop.fun to try to get a piece of the pie; and now, he has set his sights on the lucrative prediction market.

At the same time, dingaling was also hailed as a god of NFT investment by the community back then. At his peak, dingaling held 113 Bored Ape Yacht Club (BAYC) NFTs, over 70 Azuki NFTs, and was an early investor in CryptoKitties, as well as one of the largest investors in NBA Top Shots.

These identities and experiences have kept the name dingaling in the spotlight, but what makes dingaling's reputation most valuable is his former position as Binance's research leader (CRO), at least until boop.fun was scorned by the community and subsequently destroyed by CZ.

boop.fun's Disastrous End, dingaling's Persona Crumbles

In mid-2025, pump.fun sparked public outrage, and various competitors were eager to act. As a keenly perceptive serial entrepreneur, dingaling launched a Meme launch platform called boop.fun, claiming it to be a revolutionary pump.fun. Given his various accolades, investors were naturally willing to buy in. The market cap of its token BOOP soared to $500 million within an hour of its launch.

The mechanism of boop.fun was also quite distinctive at the time (dingaling seems to excel at mechanism innovation). The core of boop.fun is incentive distribution; as long as the Meme coins created on the platform successfully launch, creators and token holders can share a daily reward of 1 million BOOP; users who stake BOOP can also proportionally enjoy airdrops of the platform's Meme coins and share in transaction fee dividends.

Imagine if the platform produced a Meme coin worth $1 billion; the airdrop of Meme coins to users who staked BOOP would also be quite valuable. Unfortunately, this daydream did not become a reality.

When boop.fun launched on May 1, the platform created 10,877 Meme coins in a single day, surpassing pump.fun. However, it has since declined, and according to Dune data, although boop.fun has not "collapsed," only 1 Meme coin was launched in the past 24 hours. The market cap of the BOOP token has now fallen to $8 million.

Daily Token Creation Quantity of boop.fun

The entire incentive flywheel of boop.fun is predicated on the active creation of Meme coins on the platform, but if the "coin issuance group" does not launch Meme coins or the entire Meme coin market stagnates, boop.fun will naturally collapse. However, this collapse came too quickly; perhaps no one made money from BOOP except dingaling himself.

At this point, dingaling's persona was personally dismantled by CZ. On May 5, a KOL criticized dingaling for using the title of former CRO of Binance to promote his project, but Binance founder CZ replied that "there is only a former employee who was fired by Binance for insider trading, not a CRO."

After CZ exposed dingaling, the community investigated and found that the insider trading incident CZ referred to likely involved dingaling buying a bunch of CAKE after founding PancakeSwap while still demanding a share of PancakeSwap's profits from CZ, ultimately angering both CZ and Ted Lin (former Binance CGO). This private feud between the two was thus established.

In response to CZ's accusations, dingaling did not provide any response at the time, merely stubbornly maintaining his title as former CRO of Binance in his profile (which has now been changed to former head of research at Binance).

However, the community has completely demystified dingaling; the so-called serial entrepreneur is merely a "high-level speculator" who can only copy products and make money during trends, and the so-called former CRO of Binance is just an employee with a professional stain who was fired for insider trading.

What gives you the right to exploit us?

Old Nemeses Reconcile, Together Become Pigs on the Trend?

On November 25, dingaling announced that he would step back to serve as an advisor behind the boop.fun platform, while another partner would lead the project forward. What was initially thought to be a desire for seclusion turned out to be a shift to the next trend—the prediction market, making a final cut from boop.fun.

What is most astonishing is that this time dingaling is partnering not with anyone else but his old nemesis CZ, who had previously publicly slandered him. Perhaps the two have already reconciled privately, or perhaps it reflects the famous saying—there are no eternal friends, only eternal interests.

Although CZ's tweet included a "disclaimer," under the trend of the prediction market, YZi Labs (or CZ) cannot afford to lose this ticket; they need a skilled operator who knows how to dance on the trend; while dingaling needs a giant who can endorse him and open the floodgates of traffic.

Under the shared interests, the two shook hands and decided to become pigs on the trend together. Those past incidents of insider trading, the outrage of investors during the collapse of boop.fun, have now become mere dust, crushed on the dining table of interests, amidst the clinking of glasses.

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