Changpeng Zhao: 'Tweet-driven meme-coin copycat trades carry a high risk of losses'
Minseung Kang
Summary
- Changpeng Zhao said he has issued a public warning against reckless meme coin investing based on his remarks.
- He said that if people jump into every meme coin created from tweets he posted without much thought, they will almost certainly lose money.
- He also said that he mostly just tweets childish, unfunny jokes and is not writing posts with meme coins in mind.
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Changpeng Zhao, a co-founder of Binance, has issued a public warning against reckless meme-coin investing based on his remarks.
On the 13th, Zhao wrote on X (formerly Twitter), "I’m not against meme coins, and I like memes themselves," but added, "If you jump into every meme coin created based on any thoughtless tweet I posted, you will almost certainly lose money."
He continued, "In most cases I’m not thinking about memes—I’m just tweeting somewhat childish, unfunny jokes that come to mind in the moment," and explained, "I’m not writing posts with meme coins in mind."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
