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Changpeng Zhao expressed concern about the growing popularity of meme coins. He specified that he was not against memcoins, but the excitement around them seems "a little strange" to him. Therefore, the former CEO of Binance called on the crypto community to turn its attention to more practical applications where blockchain is used. Due to Zhao's comments, the leading meme cryptocurrencies DOGE, SHIB, PEPE and BONK have adjusted by about 9-10%. Crypto analyst and co-founder of the CMCC Crest venture fund Willy Woo agreed with Zhao, noting that Satoshi Dice became the first application on the blockchain, and now the crypto industry has come full circle with memcoins and swaps. The analyst is regretted that gambling using digital assets is also in demand.
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Wow 55 $DEGEN
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1000 $DEGEN
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