Binance CEO Changpeng Zhao recently stated at a Twitter meeting that he does not understand some altcoins at all. CZ also shared tips on the exchange’s listing process.
Binance CEO says he was not involved in the listing process
Changpeng Zhao stated that he did not want to participate in the listing process and did not have time for it. Their statement came at Binance’s Twitter meeting on May 1. Binance CEO says altcoins can be listed “on demand and when volume is high.”
CZ also stated that he never understood meme coins and that a separate team made the listing decisions. Despite this, he says he is not against meme projects like DOGE, SHIB, and Pepe Coin. Zhao said, “I personally never really understood meme coins. There are many successful people who understand them, including Elon Musk and others. That’s why we’re addressing users.”
If you missed our Twitter Space with @cz_binance, you can listen to the full recording here ⤵️https://t.co/g2k44NLTeU
— Binance (@binance) May 1, 2023
According to CZ, Binance relies on the interest and trading volume of meme coins for its listing decision. Earlier, he mentioned that Binance completely avoids hyperbole-based listings.
The Binance effect is real
Binance’s listing decisions have contributed significantly to the rise of meme coins in the past. For example, the previous listing of Floki Inu on Binance caused its price to increase by up to 50%.
Binance CEO explains that a separate team is considering listing, just like in the SHIB example:
We have listed SHIB and it is actually one of the cryptocurrencies with higher trading volume on Binance. So we are not against meme money. We are not against any meme coin either.
Will Pepe Coin be listed on Binance?
Last week, the Pepe Coin price rally sparked speculative interest before the crypto market began to cool. Pepe’s price has risen nearly 38,900% since its launch on April 14 after a social media frenzy. Meanwhile, DOGE and SHIB move horizontally. They’ve been almost silent in the past 24 hours after the new meme coin market took over.
As for the possibility of Pepe Coin being listed on Binance, Binance CEO gave the green light on this issue, as we quoted as Kriptokoin.com. CZ says altcoins can be listed “on demand and when volume is high.” At this point, Pepe Coin reached the top 100 shortly after its mid-April launch. As the chart below shows, it continues to set new highs despite expectations.
The hype around PEPE doesn’t look like it will end anytime soon; Major exchanges announced their lists. The latest was OKX, who announced that Pepe was listed on the spot trading market. Later decision to list Pepe on Coinbase. The price is currently rising above 50% again after a 2 day break.
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