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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.

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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."