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Sol Meme Coin Buttcoin surged over 260% intraday, with market capitalization surpassing $20 million
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CZ comments on "P Little Player's Monopoly of Meme Coins Early Chips": No need for third-party intervention for now
BlockBeats News, January 14 — CZ commented during a Chinese AMA that the phenomenon of “P small players monopolizing early meme coin chips” is, to some extent, a manifestation of decentralization. Early investors in meme coins also face certain risks, and subsequent buyers are engaging in independent research. CZ believes that this phenomenon does not currently require third-party intervention.
Regarding CZ’s tweet that sparked meme hype, CZ stated that true memes need to have “allusions, historical stories,” and only a very small number can have real value. CZ mentioned that the failure rate of meme coins exceeds 90%, and investors need to be responsible for their own choices.