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Bloomingbit Newsroom

Summary

Binance co-founder Changpeng Zhao said he has publicly warned against indiscriminate memecoin investments based on his remarks.
Zhao said on X that if people jump into every memecoin created from his thoughtless tweets, they will almost certainly lose money.
He explained that in most cases he is simply tweeting childish, unfunny jokes without memes in mind, and that he is not writing posts with memecoins in mind.

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Changpeng Zhao, co-founder of Binance, has publicly warned against indiscriminate investment in memecoins based on his remarks.

On the 13th, Zhao wrote on X (formerly Twitter), "I'm not against memecoins, and I like memes themselves," but added, "If you jump into every memecoin created based on any thoughtless tweet I've posted, you will almost certainly lose money."

He continued, "In most cases, I don't have memes in mind—I just tweet somewhat childish, unfunny jokes that occur to me in the moment," explaining that "I'm not writing posts with memecoins in mind."