CZ Breaks Silence: What Have We Really Missed Behind the Crazy Cycle of Meme Coins?
Binance founder Zhao Changpeng (CZ) recently broke his silence on social platform X, stating that "meme coins have become a bit strange now."
Since Dogecoin (DOGE) led the super cycle of meme coins, the meme coin ecosystem has rapidly expanded in just a few years, with protocols like Solana and Tron also launching 'Pump Fun' and 'Sun Pump,' allowing anyone to easily start a meme coin project. This wave of craziness has even propelled Solana to surpass Ethereum, creating unprecedented trading volume milestones.
Why did CZ issue a warning?
He pointed out that while meme coins are eye-catching, they are deviating from the original intention of blockchain technology, as the market becomes obsessed with short-term "fun" and neglects truly meaningful technological applications. CZ emphasized, "It's time to build real applications with blockchain."
Community Response and Phenomena
These remarks sparked intense discussions, with the comment section filled with resonance. One community member stated, "Meme coins have shifted from being funny and interesting at the beginning to being weird and desperate now, hiding excessive speculation and abuse behind them." Shiba Inu developer Shytoshi Kusama also responded to CZ's views, emphasizing that their future lies in building sustainable blockchain applications through projects like Shibarium.
How do investors view this?
The popularity of meme coins comes with risks; although the market seems full of opportunities, as CZ said—the true value of blockchain technology goes far beyond these superficial "jokes."
Investors need to be wary of these "bubbles" and truly recognize the potential and risks involved. If you want to establish a long-term presence in this market, remember—focus on the essence of technology and explore projects with sustainable growth!
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