Binance CEO CZ Criticizes Meme Coin Frenzy During Hong Kong Appearance

In a rare public appearance, Binance CEO Changpeng Zhao (CZ) spoke out against the excessive focus on meme coins and admitted to not actively trading cryptocurrencies. Here’s a closer look at his statements and the implications for the crypto industry.

CZ Makes Rare Hong Kong Appearance: “I Don’t Trade Crypto Much”

Binance CEO Changpeng Zhao (CZ) made a rare appearance in Hong Kong at the BNB Super Meetup and the MVB 9th event. Despite denying reports of attending another event on April 8, his presence generated significant attention. During the meetup, Zhao criticized the excessive focus on meme coins and stated that the industry is not particularly healthy. He admitted that he doesn’t speculate or trade crypto much and hasn’t bought any meme coins. Zhao, worth approximately $66.6 billion, suggested that several dozen to over a hundred cryptocurrencies could potentially have value.

CZ and Vitalik Kick Off BNB Chain’s MVB Season 9 in Hong Kong

BNB Chain officially launched Season 9 of its Most Valuable Builder (MVB) program in Hong Kong, with notable attendees including Binance founder Changpeng Zhao (CZ) and Ethereum co-founder Vitalik Buterin. The event marked a symbolic moment of cross-chain cooperation, focusing on 16 early projects in fields like AI, DeFi, depIN, deSci, and gaming. Season 9 of MVB aims to nurture early-stage builders through direct mentorship, technical support, and funding opportunities provided by Binance Labs. The offline opening event was held in Hong Kong, welcoming these 16 projects into an intensive Web3 accelerator program.