Changpeng Zhao warns against reckless memecoin creation, investment

Binance founder Changpeng Zhao stated on X that while he is not against memecoins, he opposes their indiscriminate issuance and investment. He said that although he likes memecoins, investors would certainly incur losses if they were to invest in every memecoin created in response to his posts. Zhao emphasized that he does not think about memes and that his tweets are simply his usual unfunny jokes.