Most memecoins to turn zero in value, says Binance's Yi He

Binance co-founder Yi He recently stated at an X Space event that the value of most memecoins will converge to zero except for a few. Binance has a watch list covering VC-backed projects, infrastructure projects, DeFi projects and memecoins, He noted, while adding that some of them cannot be listed due to token model issues or inauthentic data. As a result, Binance has put some of the observed projects into the Alpha section of its Web3 Wallet for users to trade, screening out quality projects with long-term potential, He added.