Crypto Billionaire Changpeng Zhao Says People Are ‘Guaranteed To Lose Money’ If They Blindly Buy Memecoins Based On His X Posts

Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao advised his followers on Tuesday not to fall for random memecoins created based on his social media posts.

CZ’s Candid Warning

In an X post, CZ affirmed that he’s not anti-memecoin, but that people are “guaranteed to lose money” if they “ape” into every coin that people create based on his random tweets.

“I just tweet as I do, with stupid not-so-funny jokes, not thinking about memes,” the cryptocurrency billionare said.

CZ also agreed with one of the replies, suggesting that rather than buying memecoins, people can hold BNB and build on the BNB Chain to support the ecosystem.