Meme coin mania appears to have swept the masses, but at least one industry stalwart is chaffing under this year’s hype.

Meme coins are “getting a little weird now,” former Binance CEO Changpeng “CZ” Zhao said Tuesday on X, adding the crypto community should pivot to building “real applications using blockchain.” 

Weird, however, is an understatement.

The founder’s comments form part of a broader online discussion about a controversial trend in recent weeks in which meme coin creators pump their low-cap altcoins through outlandish—and sometimes dangerous—publicity stunts. 

Solana-based meme coin launchpad Pump.fun on Monday disabled its popular live stream feature shortly after a token creator pretended to hang himself during a live broadcast on the platform. 

The stunt reignited a long-running debate about Pump.fun’s role as a breeding ground for harm

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Author: Liz Napolitano