The post Binance CZ Slams Meme Coins, Urges Developers to Focus on Real Utility appeared first on Coinpedia Fintech News
Changpeng Zhao (CZ), the former Binance CEO, has taken a strong stance against meme coins, calling them “a little weird.” CZ urged blockchain developers to shift their focus toward creating projects with real-world utility rather than chasing hype. Meme coins often thrive on social media buzz but offer little practical value, leaving many investors with heavy losses once the excitement dies. Concerns grew recently after Pump.fun, a Solana-based meme coin platform, faced controversy over livestream misuse, including threats of self-harm. CZ’s criticism echoes similar views from Ripple CEO Brad Garlinghouse and Ethereum’s Vitalik Buterin, who have both called for more meaningful blockchain innovations over viral tokens.