The incessant creation and launch of meme coins in the crypto ecosystem have caught the attention of prominent personalities, resulting in a call for fewer meaningless tokens and the development of more useful applications.<\/p>\n
Changpeng Zhao (CZ), the founder and former CEO of the world\u2019s largest crypto exchange, Binance, lent his voice to the cause on Tuesday, tweeting<\/a> that meme coins are becoming a little weird. He, however, noted that his call for more useful applications on the blockchain does not translate to hating meme coins.<\/p>\n Many community members concurred with CZ\u2019s stance on meme coins, with one stating<\/a> that the tokens had gone from being fun to funny and then became \u201cextremely weird and desperate.\u201d<\/p>\n A Binance Square content creator named Ahmet insisted<\/a> that it would be difficult to end the meme coin craze<\/a> because some of these tokens have garnered support from big names like Elon Musk, the world\u2019s richest man.<\/p>\n Musk is an avid supporter of Dogecoin (DOGE), the first and largest of the bunch, and he has taken several steps in honor of the coin. A few days ago, Musk unveiled the new Department of Government Efficiency (DOGE) under the Trump administration.<\/p>\n Ahmet further asserted that the best approach to the meme coin sector would be advocating for tokens with better quality and large communities; otherwise, 98% of such assets would be garbage. In response to his tweet, CZ clarified that he is not trying to end meme coins but to encourage more builders to create real applications using blockchain.<\/p>\n \u201cEveryone have their choose on what to invest or hold,\u201d the Binance founder added<\/a>.<\/p>\n CZ\u2019s opinion echoes that of Ethereum founder and computer programmer Vitalik Buterin, who earlier this year urged<\/a> creators to make exciting blockchain games rather than simple copy-and-paste meme coins.<\/p>\n In his report, Buterin insisted that meme coins could evolve from useless, racist, and sexist tokens to projects that contribute positively to the crypto ecosystem and support public goods instead of just enriching insiders.<\/p>\n Buterin and CZ\u2019s remarks come as the crypto space witnesses a significant rise in the creation of meme coins, driven by the availability of launchpads like Solana\u2019s Pump.fun and Tron network\u2019s SunPump<\/a>. These platforms have launched millions of worthless meme coins since their inception in less than a year, with thousands of tokens released daily.<\/p>\n The post Binance Founder CZ Says Meme Coins Are Getting Weird<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The incessant creation and launch of meme coins in the crypto ecosystem have caught the attention of prominent personalities, resulting in a call for fewer meaningless tokens and the development of more useful applications. Changpeng Zhao (CZ), the founder and former CEO of the world\u2019s largest crypto exchange, Binance, lent his voice to the cause […]<\/p>\n","protected":false},"author":0,"featured_media":23722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23721"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23721"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23722"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}CZ Expresses Concern About Meme Coins<\/h2>\n
Can Meme Coins Evolve?<\/h2>\n