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Changpeng Zhao, former CEO of Binance, commented on cryptocurrency investors’ interest in memecoins. CZ, who posted a brief comment on the issue from his X account, said: “I’m not against meme coin, but it’s starting to get a little weird. “It’s time to use the blockchain. Really useful applications should be developed,” he said.
Binance listing continues
Despite this criticism from former CEO CZ, Binance Exchange is responding positively to this frenzy. The exchange has recently listed many meme coins, especially in the future.
Since the beginning of the year, investors, especially those in the Solana network, have poured serious money into memecoins. Meme Coins, where huge profits can be made as well as huge losses, are also known to experience rapid ups and downs.
The most popular meme coins, which increased tenfold this year, were PEPE, WIF, BONK, FLOKI and cat and dog themed coins with low market value.
In 2024, when political meme coins gained a lot of attention with the US election, the entire meme coin market exceeded $100 billion.
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