Binance Founder Changpeng Zhao Says Meme Coins Are Getting ‘A Little Weird’ — But Dogecoin, Shiba Inu Aren’t The Culprits
Binance founder and former CEO Changpeng Zhao on Tuesday voiced concerns about the current state of meme coins, calling their proliferation “a little weird.”
What Happened: In a tweet, Zhao clarified he isn’t against memes but urged the crypto community to focus on building meaningful blockchain applications.
“Let’s build real applications using blockchain,” he wrote.
Zhao’s remarks come amid growing scrutiny of platforms like Pump.fun, which have simplified the process of creating and launching meme coins.
These platforms allow anyone to mint tokens in minutes without requiring identity verification, making them a hotbed for scams and exploitation.
While designed to attract attention through features like live-streamed token launches, these tools have reportedly spiraled into disturbing displays of violence, fraud, and even …
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