CZ refuted claims of a ‘Binance cartel’ controlling BNB Chain meme coin launches, attributing the surge to community engagement amid rapid token creation trends.
Binance founder Changpeng Zhao (CZ) dismissed allegations from crypto influencer @0xUnihax0r that a so-called ‘Binance cartel’ was orchestrating recent meme coin activity on BNB Chain. The influencer cited a $100 million meme coin launch within 48 hours, contrasting it with Solana, which had no new token exceeding $1 million in market cap during the same period. CZ stated the surge is driven by community engagement, highlighted recent innovative meme projects, and clarified that he has not purchased any of the related tokens.