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CZ Comments on P Xiaojiang's Monopoly of Early Holdings in Meme Coins

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CZ addressed P Xiaojiang's early meme coin holdings during a Chinese AMA, noting that it reflects decentralization. He warned that meme coins carry high risks, with over 90% of them failing, and urged investors to conduct their own research. CZ also emphasized that true memes need background and history to retain value. On-chain trading signals remain crucial for traders, and technical analysis for crypto can help evaluate market sentiment. He added that third-party intervention is not necessary at this stage.

BlockBeats news: On January 14, CZ commented during a Chinese AMA on the phenomenon of "P Xiao will monopolize early meme coin holdings," stating that this, to some extent, reflects decentralization. Early investors in meme coins also face certain risks, and subsequent buyers are making independent research decisions. CZ believes that this phenomenon does not currently require third-party intervention.


Regarding the issue of CZ's tweet sparking a surge in meme coin popularity, CZ stated that true memes should have "references and historical context," and only a very small number can truly hold value. CZ noted that the failure rate of meme coins is over 90%, and investors need to take responsibility for their own choices.

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