BlockBeats reported that on November 26, CZ responded on social media, saying, "I am not trying to end the MEME coin craze; everyone has their own choices to decide what to invest in or hold. I just want to encourage more builders."
Previously, CZ stated, "I do not oppose Meme, but Meme coins have become a bit strange now. Let's build real applications with blockchain."
In response, community users said, "Even Musk is a supporter of MEME coins. It's indeed difficult to end this frenzy, but we can continue to advocate for higher quality MEME coins and those that truly have strong community consensus, otherwise, 98% of MEME coins are garbage, and this situation is happening."