Meme coins, the often-hyped and volatile digital assets, have come under fire from Binance co-founder Yi He. In a recent AMA on Twitter Spaces, He expressed his belief that "the value of most meme coins, except for a few, will converge to zero." He highlighted concerns over the tokenomics of some meme coin projects, citing fake data and questionable practices. Binance has responded by categorizing such projects under its "Binance Alpha" program, allowing them to trade without guaranteeing a full listing. Despite the hype surrounding meme coins, He urged investors to exercise caution. He emphasized the importance of conducting thorough research and understanding the underlying value of an asset before investing.
