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Binance CEO Zhao Changpeng (CZ) recently shared his surprise at Dogecoin still being active in the market during a Twitter Spaces AMA event. He stated that SpaceX and Tesla CEO Elon Musk likely played a key role in sustaining Dogecoin's vitality.
CZ said: "The meme coin that truly surprised me is Dogecoin. It has an unusually persistent vitality. I originally thought it had faded from the market, but Elon Musk's special interest in it might be the reason it continues to this day."
Dogecoin, as one of the earliest meme coins, was initially created for satire and entertainment purposes, but has now become an undeniable part of the cryptocurrency world, achieving significant market success. Elon Musk has made numerous positive comments about Dogecoin on social media, which has garnered unprecedented attention for this currency represented by the Shiba Inu.
In contrast, CZ has taken a more cautious approach towards other recently emerged meme coins such as PEPE and LADYS. He stated that he does not fully understand the appeal of such currencies but also clearly expressed that he does not oppose their existence. Binance has recently listed some of these types of coins, demonstrating the exchange's open attitude towards diversified market assets.
When discussing meme coins and NFTs, CZ's personal stance leans towards tokens that have practical use; he himself is not a holder of meme coins or NFTs. This viewpoint reflects his understanding and expectations of blockchain technology—technology should be used to solve real-world problems rather than just serve speculation or entertainment.
CZ's remarks reflect Binance's inclusive attitude as a leading trading platform towards emerging crypto assets. Although personal preferences may differ, he clearly stated that Binance will always be market demand-oriented, committed to providing users with comprehensive and diverse cryptocurrency trading services.
Overall, although CZ does not fully endorse the value logic of meme coins, he emphasizes that Binance will continue to maintain an open and inclusive strategy, which undoubtedly provides an important platform for the diverse development of the cryptocurrency market. As the world's largest cryptocurrency exchange, Binance has a deep user base and influence, and CZ's views may have a profound impact on the global market, especially in the developing meme coin sector. At the same time, he also reminds investors to rationally view meme coins and avoid blindly following trends.
Furthermore, CZ's statements also indirectly affirm Elon Musk's market influence on Dogecoin. As a well-followed business leader, Musk has publicly expressed support for Dogecoin multiple times, undoubtedly significantly increasing the exposure and activity of this currency. There are even views suggesting that it is Musk's charisma that has endowed Dogecoin with a lasting vitality that surpasses typical meme coins.
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