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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.
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."
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