Binance founder CZ says meme coins are getting weird

The incessant creation and release of meme coins in the crypto ecosystem has attracted the attention of prominent figures, leading to a call for fewer meaningless tokens and the development of more useful applications.

Changpeng Zhao (CZ), the founder and former CEO of the world’s largest crypto exchange Binance, lent his voice to the cause on Tuesday, tweeting that meme coins are getting a little weird. However, he noted that his call for more useful applications on the blockchain does not translate into hating meme coins.

CZ expresses concern about Meme Coins

Many members of the community agreed with CZ’s stance on meme coins, with one stating that the tokens had gone from funny to funny and then “extremely weird and desperate.”

A Binance Square content creator named Ahmet insisted that it would be difficult to end the meme coin craze because some of these tokens have gained support from big names like Elon Musk, the world’s richest man.

Musk is an avid supporter of Dogecoin (DOGE), the first and largest of the group, and has taken several steps in honor of the coin. A few days ago, Musk unveiled the new Department of Government Efficiency (DOGE) under the Trump administration.

Ahmet further stated that the best approach in the meme coin sector would be to advocate for better quality tokens and large communities; otherwise, 98% of these assets would be junk. In response to his tweet, CZ clarified that he is not trying to end meme coins, but to encourage more builders to build real apps with blockchain.

“Everyone has their choice about what to invest or keep,” added the Binance founder.

Can meme coins evolve?

CZ’s view echoes that of Ethereum founder and computer programmer Vitalik Buterin, who earlier this year urged creators to make exciting blockchain games instead of mere meme coins to copy and paste.

In his report, Buterin insisted that meme coins could evolve from useless, racist and sexist tokens to projects that contribute positively to the crypto ecosystem and support public goods instead of enriching privileged users.

Buterin and CZ’s comments come as the crypto space is witnessing a significant increase in the creation of meme coins, fueled by the availability of launch boards such as Solana’s Pump.fun and the Tron network’s SunPump. These platforms have released millions of worthless meme coins since their inception in less than a year, with thousands of tokens released daily.

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