Original ｜Odaily Planet Daily（@OdailyChina）

Author｜Golem（@web3_golem）

On December 4, Binance founder CZ announced that a 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 has achieved 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—where the platform intelligently allocates the prediction funds invested by users into DeFi strategies, significantly enhancing capital utilization efficiency. If the DeFi strategies operate robustly, users can not only enjoy 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 had 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 extensive discussion in May this year. Although his real identity has not been revealed 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, making him "CZ's old nemesis."

When Uniswap was booming, dingaling launched PancakeSwap; when Opensea was popular, dingaling created LooksRare; when pump.fun was "making thousands daily," 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 once hailed as a god of NFT investment by the community. At his peak, dingaling held 113 Bored Ape Yacht Club (BAYC) NFTs, over 70 Azuki NFTs, and was also 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 gives dingaling the most credibility is his previous role as Binance's research leader (CRO), at least before boop.fun was scorned by the community and destroyed by CZ himself.

boop.fun's dismal end, dingaling's persona collapses

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

The mechanism of boop.fun was also quite unique 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 managed to launch a meme coin worth $1 billion; the airdrop of meme coins received by users staking 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, while 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 numbers for boop.fun

The entire incentive flywheel of boop.fun relies on active meme coin creation on the platform, but if the "coin issuing 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 time, dingaling's persona was personally destroyed by CZ. On May 5, a KOL complained that dingaling was using the title of former CRO of Binance to promote his project, but Binance founder CZ replied that "there is only a former employee 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 CZ and Ted Lin (former Binance CGO). This led to a personal feud between the two. _（Related reading: _The feud between dingaling and Binance CZ）

In response to CZ's accusations, dingaling did not respond at the time but stubbornly kept the title of former CRO of Binance in his bio (which has now 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 in trending markets, and the so-called former CRO of Binance is just an employee with a professional stain who was fired for insider trading.

What right do you have to cut us?

Old nemeses reconcile, becoming pigs in the wind?

On November 25, dingaling posted that he would step back and serve as an advisor for the boop.fun platform, while another partner would lead the project forward. It was initially thought he wanted to retreat, but unexpectedly, he turned to the next trend—prediction markets, making a final cut from boop.fun.

What is most astonishing is that this time dingaling is partnering with none other than his old nemesis CZ, who had publicly defamed him. Perhaps the two have already reconciled privately, or perhaps it reflects the 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 an operator who knows how to dance in the wind; and dingaling needs a giant who can endorse him and open the flow of traffic for him.

Under shared interests, the two shook hands and decided to become pigs in the wind 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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