Binance founder and former CEO Changpeng Zhao (CZ) spoke about the recent meme coin trend on the BNB chain in a statement.
CZ expressed surprise at the increased interest and called the situation “BNB meme coin season.” He claimed that this development was unexpected and that his recent focus has been on decentralized cryptocurrency exchange Aster and its token ASTER.
Recently, there has been a lot of movement towards meme coins within the BNB ecosystem. Among them, a stock named 4 (4) has soared 475% in the past week, reaching a market capitalization of $245 million, despite not being directly listed on a major cryptocurrency exchange. The word “4” is a concept often associated with the Binance founder and encompasses four different points that CZ has previously emphasized in the crypto market. CZ is also known for occasionally sharing “4” themed posts.
On the other hand, remember that meme coins have no intrinsic value and almost all investors will suffer losses.
*This is not investment advice.
