CZ is powerless because of the deductibility of the community

The cryptocurrency community is already familiar with unexpected coin meme fads, but the recent incident involving Changpeng Zhao, former Binance CEO, Broccoli, still caught the eye.

With just one photo posted on social media, Changpeng Zhao (CZ) has unleashed a new wave of coin memes on BNB Chain and Solana. A series of BROCCOLI tokens with all kinds of variations appeared, attracting the attention of both experienced investors and new “wet feet” entering the market.

In the midst of this chaos, CZ has had candid and detailed shares, not only explaining the BROCCOLI meme coin phenomenon, but also pointing out the problems of the meme coin ecosystem on BNB Chain, as well as offering advice to investors.

Opening the post, CZ pointed out one fact: The majority of people enter the meme coin market not because of a passion for memes, but because of a desire to get rich quick. They are not interested in the real value of the project, but only focus on buying early - exit - making profits from short-term price fluctuations.

Many people even expect advice from influencers like CZ, eager to point out potential tokens. However, CZ insists he cannot, will not and does not know how to do it.

In addition, the former Binance CEO also shared that the BROCCOLI fever has exposed the weaknesses of the meme coin ecosystem on BNB Chain, especially in terms of system performance and governance model.

• Performance Challenges:The spike in BROCCOLI transactions has overloaded many platforms and dapps on BNB Chain. Although CZ said development teams are working to improve performance, reality shows that optimizing the system takes time and data. This is a difficult problem that BNB Chain needs to solve if it wants to attract more users and applications.
• Missing key players:Another weakness of the memenoin ecosystem on BNB Chain is the lack of influential key players. On other blockchains, these leaders play an important role in market orientation, market creation, and maintenance of stability. This shortage makes the memenoin market on BNB Chain vulnerable to manipulation and high volatility, potentially posing a lot of risk for retail investors.

Ahead of the explosion of the BROCCOLI coin meme, CZ issued clear warnings about the risks of this market. He said there are at least six BROCCOLI meme coin projects with a total market capitalization of more than $200 million on BNB Chain.

*However, CZ was confused, the 6 projects in CZ's photo are actually the same project with many different pools.

This figure shows the appeal of meme coins, but at the same time, there are many potential risks. CZ advises investors to exercise caution, learn about the project thoroughly before investing, and avoid FOMO following the crowd.

While meme coins are in the spotlight, CZ insists he's not just interested in the field. He has been in talks with stablecoin, AI and many other projects on BNB Chain, with the desire to build a diverse and sustainable ecosystem.

CZ is confident in the development potential of BNB Chain, and hopes to see new steps from the developer community soon.

However, shortly after posting, CZ's post on the BROCCOLI coin meme craze was Unexpectedly removed from X. The CEO of Binance explained that he “can't tweet anymore” because people often misinterpret his tweets.

This action shows that CZ seems to want to avoid unnecessary misunderstandings from the community, especially in the context of the meme coin market which is very sensitive to all information.