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Binance founder and former CEO Changpeng Zhao has issued a direct warning to cryptocurrency traders, emphasizing that buying meme coins that emerged as a result of his unofficial social media posts often results in financial losses.
His message, published in a post on the X platform on January 13, has been repeated in the cryptocurrency market, with influencer comments interpreted as investment signals, even though this is not the case.
“CZ” explained that his random tweet, which he described as a silly and not-so-funny joke, was not written to generate meme ideas.
He said he tweeted in his normal way, mostly without thinking about the memes.
This follows a well-known pattern: Developers quickly issue digital tokens tied to celebrities’ comments, creating risky assets with no clear value or purpose.
The warning sparked widespread discussion among cryptocurrency market followers.
Some of them mocked the behavior of traders who rush to follow “jokes” that turn into digital symbols, while others questioned Binance itself’s role in promoting meme culture, citing the precedent of listed currencies tied to events or people.
On the other side of the discussion, there has been criticism of the quality of the meme project itself, as some community members feel that the problem is not the idea of ”memes” per se, but the lack of narratives, stories, and identities that build a true community.
Some of them are calling for supporting organic projects that grow naturally rather than chasing fast trends.
CZ’s warning comes as meme currencies return to the forefront as personal interest rises and markets are influenced by short-term news.
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