Changpeng Zhao, the founder of Binance, has addressed rumors about his involvement with meme coins. He clarified that he does not actively trade these coins. In a recent tweet, he rejected the idea of being a “real Chongtugou user” and described himself as a “blacksmith.” He sees himself as a builder who creates tools rather than following market trends.
CZ also mentioned that he is not a typical centralized exchange (CEX) user. He prefers to hold assets long-term instead of engaging in active trading. His comments come during a period known as “Meme Season” in the crypto world. This season has been marked by the rise of tokens like TST and Broccoli, which have gained popularity within the Binance ecosystem.
The conversation around meme coins has also shifted to the differences between those on Solana and Ethereum. Many believe that Solana’s better infrastructure, which offers faster transactions and lower fees, contributes to the success of its meme coins compared to those on Ethereum.
Meanwhile, the BNB Chain is facing scrutiny from the crypto community. Several issues have been raised, including:
1. MEV Issues: Critics argue that the Maximal Extractable Value system on BNB Chain favors a small group of validators, creating an unfair environment for regular users.
2. Centralization Concerns: With only 21 key nodes controlling governance, there are worries about the concentration of power, limiting new participants from becoming validators.
3. Lack of Innovation: Some believe that BNB Chain follows trends set by other blockchains without offering significant new ideas or features.
4. Value Retention Issues: The rising price of BNB has made it costly for new users to participate in governance, discouraging their involvement.
In response to these concerns, some community members are calling for reforms to improve scalability, restructure validator participation, and enhance decentralization.
