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Summary
- Binance co-founder Changpeng Zhao said he has issued a public warning against indiscriminate meme-coin investing based on his remarks.
- Zhao said on X that if people pile into every meme coin created from his thoughtless tweets, they will almost certainly lose money.
- He explained that in most cases he simply tweets jokes that come to mind, without meme coins in mind, and that he is not writing with meme coins in mind.
Binance co-founder Changpeng Zhao has issued a public warning against indiscriminate meme-coin investing based on his remarks.
On the 13th, Zhao wrote on X (formerly Twitter), "I'm not against meme coins, and I like memes themselves," but added, "If you jump into every meme coin created off the back of any thoughtless tweet I post, you will almost certainly lose money."
He continued, "In most cases, I don't have memes in mind—I just tweet somewhat childish and unfunny jokes that come to mind at the moment," explaining, "I'm not writing with meme coins in mind."
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