Is the memecoin season ending? Binance founder CZ urges utility focus
From 2023 to 2024, the memecoin season marked a period of higher market interest in these primarily speculative assets. This, however, could be ending now that market participants are gradually shifting their focus to utility projects using blockchain. In particular, Binance founder Changpeng Zhao (CZ) posted on X this Tuesday, urging people to “build real applications using blockchain.” According to his post, CZ is “not against memes” but acknowledges that “meme coins are getting ‘a little’ weird now.” The post has received nearly 10,000 comments and over 34,000 likes by writing time, with experts mostly agreeing. Income Shark , for example, claimed, “They went from being fun, then being funny, to being extremely weird and desperate.” Picks for you Here’s why gold may not make a new high, as expected 14 mins a...