and what will meme lovers do? any creature, fish, and hoofed animal that makes memes, they get FOMO about buying them.. they don't understand utility..

🗞 Zhao Changpeng: “I’m not against memes, but it’s time to build real applications using blockchain”

💡 The context:
Binance founder CZ has commented on the recent hype surrounding meme coins, noting that while fun, they may be becoming “weird” and distracting from building practical solutions on the blockchain.
🔍 What happened?
1️⃣ Binance launched two memecoin futures on BNBChain, seeking to appeal to the coins’ growing user base.
2️⃣ Unexpected impact: Despite the novelty, the coins’ prices dropped significantly after the launch, suggesting a mixed market reaction.

📉 Why did the price drop?
Excessive volatility: Memecoins are generally highly speculative, making them susceptible to wild moves.
Market sentiment: CZ’s words may have influenced investors to reconsider their exposure to these assets.

🌟 What to expect?

As memecoins continue to dominate discussions and attract traders, CZ is reinforcing the importance of building sustainable and innovative use cases on the blockchain. This could signal a move to balance speculation with long-term technological development.
#Binance#Memecoins#Blockchain#Cryptocurrencies