{"id":19207,"date":"2025-03-26T16:01:47","date_gmt":"2025-03-26T16:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19207"},"modified":"2025-03-26T16:01:47","modified_gmt":"2025-03-26T16:01:47","slug":"cz-meme-coins-fueled-by-speculation-but-blockchain-fundamentals-hold","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19207","title":{"rendered":"CZ: Meme Coins Fueled by Speculation, But Blockchain Fundamentals Hold"},"content":{"rendered":"
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Former Binance CEO Changpeng Zhao (CZ) has opened up about his recent foray into meme coins, a space he previously avoided.<\/p>\n

He also reflected on his missed opportunity with Ethereum and explained why the fundamentals of blockchain have remained the same despite shifting trends.<\/p>\n

A Changing Perspective on Meme Coins<\/h2>\n

In an exclusive interview<\/a> with Foresight News, the ex-crypto executive explained that he has taken a more active role on social media, especially when it comes to meme coins. Unlike previous market cycles where he distanced himself from the trend, CZ now engages with the community to understand its appeal.<\/p>\n

Previously, he described<\/a> such tokens as \u201cextremely weird and desperate,\u201d urging builders to concentrate on more useful applications instead. However, his\u00a0turnaround became apparent when he allowed<\/a> the community to create meme coins based on pictures he shared of his pet dog. Interestingly, despite being asked to, he has never endorsed any of the meme coins as the official one, claiming such a move would alienate others.<\/p>\n

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\u201cThere are quite a few users of the meme coins involved, and choosing one would definitely hurt the feelings of other users,\u201d said Zhao.<\/p>\n<\/blockquote>\n

The Binance co-founder compared today\u2019s meme-driven market to crypto\u2019s earlier phases, recalling how, in Bitcoin\u2019s early days, launching a new chain meant \u201cwriting 20,000 lines of code.\u201d However, the launch of the ERC-20 standard allowed anyone to create tokens with a smart contract and only required a website and a whitepaper. Now, it\u2019s even simpler since just a meme image suffices.<\/p>\n

Despite these shifts, CZ insisted that the core principles have remained the same:<\/p>\n

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\u201cThe core logic is that as long as someone recognizes a certain concept to issue coins and someone participates, it will have a price, and if no one participates, there will be no price,\u201d he stated.<\/p>\n<\/blockquote>\n

He believes meme coins have thrived because of frustration with traditional venture capital models and retail investors chasing life-changing gains. Additionally, such assets have escaped regulatory scrutiny, given they have \u201cno practical use,\u201d a somewhat ironic loophole fueling their rise.<\/p>\n

Missed Opportunities and Post-Prison Mindset<\/h2>\n

In the interview, CZ also revealed he never put money into Ethereum, even though he had known its co-founder, Vitalik Buterin, since 2013. \u201cI never invested,\u201d said the 48-year-old, decrying the missed opportunity after ETH rose \u201cthousands of times.\u201d<\/p>\n

On a more personal note, Zhao reflected on his four-month prison term<\/a> after being found guilty of anti-money laundering violations. \u201c It was a very bad experience,\u201d he admitted, though he stressed that the ordeal wasn\u2019t physically brutal. For him, the uncertainty was the most challenging part, and the episode reshaped his priorities. He says he now puts his health and relationship first.<\/p>\n

The post CZ: Meme Coins Fueled by Speculation, But Blockchain Fundamentals Hold<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Former Binance CEO Changpeng Zhao (CZ) has opened up about his recent foray into meme coins, a space he previously avoided. He also reflected on his missed opportunity with Ethereum and explained why the fundamentals of blockchain have remained the same despite shifting trends. A Changing Perspective on Meme Coins In an exclusive interview with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19207","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19207"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19207\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}