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CZ Comments on "Plebnet Monopolizing Meme Coin Early Chips": No Third-Party Intervention Needed at the Moment

2 hours ago

January 14: During a Chinese-language AMA session, CZ commented on retail investors dominating early stakes in meme coins, noting this reflects decentralization to some extent. Early meme coin investors face inherent risks, while later buyers conduct independent due diligence. CZ added the phenomenon does not currently call for third-party intervention. In response to his tweet sparking a meme coin frenzy, CZ stated a genuine meme needs "allusions or historical context"—and truly valuable ones are extremely rare. He noted meme coins have a failure rate of over 90%, emphasizing investors must take responsibility for their own decisions.
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