Recently, CZ mentioned in the Twitter Spaces AMA event that he was surprised to see Dogecoin still active in the market. He believes that Elon Musk, the big boss of SpaceX and Tesla, is definitely the key figure in giving Dogecoin its continued life.
CZ said: If there's a meme coin that surprised me, it must be Dogecoin. Its vitality is too strong. I originally thought it should have been eliminated by the market long ago, but Musk has been particularly attentive to it, and that might be the reason it has lasted until now.
As one of the earliest meme coins, Dogecoin was initially just a joke and a satire, but now it has become an undeniable force in the cryptocurrency world, performing quite well in the market. Musk often praises Dogecoin on social media, making this Shiba Inu-branded currency incredibly popular.
However, CZ is quite cautious about other meme coins that have recently emerged, such as PEPE and LADYS. He mentioned that he doesn't quite understand why these coins are attractive, but he does not oppose their existence. Recently, Binance has also listed several of these types of coins, indicating that the exchange is quite open to various assets in the market.
When discussing meme coins and NFTs, CZ is more optimistic about tokens that have actual utility. He hasn't bought meme coins or NFTs himself. He believes blockchain technology should be used to solve real problems, rather than just for speculation or entertainment.
CZ's words show that Binance, as an industry leader, is quite tolerant of emerging crypto assets. Although he personally does not agree with the meme coin concept, he clearly stated that Binance will follow market demand and provide users with trading services for various crypto assets.
In general, although CZ does not fully endorse meme coins, he emphasizes that Binance will remain open and inclusive, which is a great benefit for the diverse development of the cryptocurrency market. As the world's largest crypto trading platform, with many users and significant influence, CZ's views have considerable impact on the global market, especially in the developing meme coin sector. He also reminds investors to approach meme coins rationally and not to follow trends blindly.
Additionally, CZ's comments indirectly praised Musk's influence on Dogecoin. As a business mogul, Musk's public support for Dogecoin has undoubtedly increased its exposure and activity levels. Some even believe that it is Musk's charisma that has made Dogecoin more resilient than other meme coins.
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