Changpeng Zhao, the creator and ex-CEO of Binance, recently commented on the surge of interest in memecoins within the BNB Chain.
Zhao expressed his astonishment at this growing fascination, dubbing it as the “BNB memecoin season.” He noted that these developments were unforeseen and mentioned his recent focus had been more on Aster, a decentralized cryptocurrency exchange, along with its token ASTER.
The BNB ecosystem has witnessed a flurry of activity surrounding memecoins lately. Notably, one called 4 (4) has experienced an impressive 475% increase over the last week. This surge propelled its market value to $245 million despite not being listed on any major crypto exchanges. The term “4” is often linked to Zhao himself and represents four key principles he has emphasized in discussions about cryptocurrencies. Additionally, Zhao occasionally shares posts themed around “4.”
It’s important to remember that memecoins generally lack inherent value and most investors tend to incur losses.
*This information should not be considered as investment advice.