Crypto Billionaire Changpeng Zhao Says People Are 'Guaranteed To Lose Money' If They Blindly Buy Memecoins Based On His X Posts

Core Viewpoint - Changpeng "CZ" Zhao, co-founder of Binance, cautioned followers against investing in random memecoins inspired by his social media posts, emphasizing that such actions are likely to result in financial losses [2][3]. Group 1: CZ's Warning - CZ stated that while he is not against memecoins, individuals are "guaranteed to lose money" if they impulsively invest in every coin created based on his tweets [2][3]. - He clarified that his tweets are often made in jest and not intended to promote any specific memecoin [2][3]. Group 2: Historical Context - CZ's social media activity has previously triggered significant memecoin trends, such as the creation of tokens named after his dog, which saw one token, CZ's Dog (BROCCOLI), drop over 85% since its launch [4]. - In 2024, CZ expressed concerns about the rise of memecoins, urging the cryptocurrency community to focus on developing meaningful blockchain applications instead [5]. Group 3: Investment Strategy - CZ suggested that instead of investing in memecoins, individuals should consider holding BNB and contributing to the BNB Chain ecosystem [3]. - He has not launched any official token related to himself, indicating a preference for building rather than speculative trading [5].