CZ: Meme traders need to form their own trading strategy. For a meme coin to achieve long-term development, it must have a strong cultural characteristic.

On February 12, Binance founder Changpeng Zhao (CZ) shared during an AMA (Ask Me Anything) session: “I’m not a skilled meme trader myself, and I don’t know what strategies profitable meme traders rely on. However, if you buy every meme coin others push based on my tweets, I can guarantee you’ll lose money—that’s a given. Some might misinterpret this, but my point is clear: if you’re a meme trader, you need to develop your own strategy. I don’t know which strategy works, either. But I believe meme coins that stand the test of time need strong cultural identity. Take Dogecoin and Floki—they’ve lasted because they have fiercely loyal fan bases. Newly launched meme coins carry higher risk. My advice? If you’re not sure what you’re doing, don’t touch them—unless you truly understand the space. I’m not an expert in meme coins, either.”