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- Binance co-founder Changpeng Zhao said he warned against indiscriminate memecoin investing based on his remarks.
- Zhao said that jumping into every memecoin created from his thoughtless tweets would almost certainly result in losing money.
- Zhao said he does not have memecoins in mind and is simply tweeting somewhat childish and unfunny jokes.
Changpeng Zhao, co-founder of Binance, has publicly warned against indiscriminate memecoin investing based on his remarks.
On the 13th, Zhao said via his X (formerly Twitter) that while "I’m not against memecoins, and I like memes themselves," "if you jump into every memecoin created based on any thoughtless tweet I posted, you will almost certainly lose money."
He added, "In most cases, I don’t have memes in mind; I just tweet somewhat childish and unfunny jokes that come to mind in the moment," explaining that "I’m not writing with memecoins in mind."
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