Summary: Binance founder CZ warned investors against memecoins, advising them to stay away if they can’t handle volatility. His tweet came after a surge of “Broccoli” tokens inspired by his pet dog. CZ later deleted the post, saying his words were being misinterpreted.
Binance founder and former CEO Changpeng Zhao (CZ) briefly warned traders to “not touch memecoins” unless they could handle extreme volatility. However, he later deleted the tweet, explaining that people tend to overanalyze his posts.
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Over the past few days, CZ has been engaging with followers on X, trying to understand the memecoin craze. In a playful exchange, he promised to share pictures of his pet dog, Broccoli. His followers responded by launching multiple “Broccoli” memecoins on Binance Smart Chain (BSC), which collectively hit a $200 million market cap in under 12 hours.
Addressing the frenzy, CZ tweeted that while many claim to love memes, they are often just looking for quick-profit signals—something he doesn’t provide. He also pointed out that the memecoin scene on BSC is still underdeveloped, with platforms facing performance issues.
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He noted that six Broccoli-inspired tokens had already surpassed $200 million in market cap but stopped short of saying whether that was a good or bad thing. Instead, he urged traders to practice risk management.
CZ later deleted his tweet, replacing it with another stating that people often misinterpret his words in different ways.
