Binance, the world's largest cryptocurrency exchange by trading volume, is attracting attention in the crypto market with its decision-making. Binance's founder, CZ, is observed to directly influence the price movements of crypto assets with his statements.
Speaking in a Twitter Space broadcast, Binance CEO Changpeng Zhao expressed that Dogecoin (DOGE) continues to exist thanks to Elon Musk.
CZ, who stated that he is very surprised by Dogecoin's journey to this day, emphasized the following words:
"The joke token that surprised me the most was Dogecoin. It managed to come this far. I thought it would disappear long before, but Elon Musk intervened and brought it to these levels." "There is no need for too many comments. There is a popular situation right now. However, I have to say that there is a great risk with joke tokens." "I am not against meme coins either. We try to provide what our users demand. However, I don't have any meme coins in my possession. No NFTs either. I have stated this before."
The successful executive, who made a statement suggesting that DOGE would cease to exist without Elon Musk, seems surprised by Dogecoin's performance.
Furthermore, CZ emphasizes that joke tokens carry significant risks and mentions that he does not purchase or hold meme coins and NFTs in his portfolio.
This article is not investment advice. Anyone considering investing should do their own research and take their own risks.