Changpeng 'CZ' Zhao, the founder of Binance, recently expressed concerns about the bizarre trends surrounding meme coins, suggesting that the crypto community should shift focus towards building legitimate applications using blockchain technology. His comments come amidst a broader conversation on the questionable tactics some creators are using to inflate the value of low-cap altcoins. The recent controversy was triggered by incidents on the Solana-based launchpad Pump.fun, where a token creator performed a dangerous stunt during a live stream, leading to the feature being disabled. The Pump.fun team acknowledged the concerns and pledged to enhance content moderation. Meanwhile, the meme coin market has witnessed explosive growth, with certain tokens achieving significant price surges. This surge is accompanied by extreme promotional tactics, including reckless livestream stunts that have resulted in severe injuries. As the market heats up, Zhao calls for a return to responsible development within the cryptocurrency space.

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