Binance CZ Slams Meme Coins, Urges Developers to Focus on Real Utility
Former Binance CEO Changpeng Zhao (CZ) has taken a tough stance on meme coins, calling them “a little weird.” CZ urged blockchain developers to turn their attention to creating projects with real-world utility rather than chasing hype. Meme coins often thrive on social media buzz but have little practical value, and many investors suffer heavy losses once the excitement wears off. Concerns have recently been raised after Solana-based meme coin platform Pump.fun faced controversy over live broadcast abuse, including threats of self-harm. CZ’s criticism echoes similar sentiments from Ripple CEO Brad Garlinghouse and Ethereum’s Vitalik Buterin, who have both called for more meaningful blockchain innovation than viral tokens.
