Event Review: Where Did the Meme Coin Misunderstanding Come From?

Recently, a discussion post about Binance co-founder CZ's view on meme coins sparked heated debate. The original post took CZ's remarks out of context, misrepresenting his stance as 'meme coins are doomed to fail.' In reality, CZ stated: 'Most meme coins won't go very far, but those with cultural value can exist long-term.'

This neutral perspective did not deny the value of all meme coins, but offered an objective analysis from cultural and market perspectives.

He Yi Speaks Out: How Public Emotion Can Be Manipulated

In response to this incident, Binance executive He Yi commented on social media that 'selective quoting and over-interpretation are difficult to prevent. Rumors, hate speech, and conspiracy theories often stir strong public emotions more easily.'

She further pointed out that many investors tend to follow these emotions without verifying the accuracy of the information, often leading to repeated investment failures and a cycle of losses.

Why Are Conspiracy Theories So Appealing?

In the era of information overload, people are more inclined to accept simplistic conclusions. Conspiracy theories often provide an 'explain-everything' logic that is easier to accept than complex realities.

  • Emotion-driven: Conspiracy theories often carry strong emotional tones that are easy to resonate with.
  • Information overload: Facing massive amounts of information, people tend to choose views that are easy to understand.
  • Loss of trust: Some members of the public are skeptical of authority and mainstream views and prefer alternative explanations.

How Should Investors Respond?

He Yi's remarks serve as a wake-up call for investors. It is especially important to maintain rational thinking and independent judgment when facing market rumors and extreme views.

Here are some practical suggestions:

  • Verify from multiple sources and avoid relying on a single channel.
  • Focus on core data rather than making judgments based solely on public opinion.
  • Enhance financial literacy to identify market noise.

Only by rationally understanding market volatility can one move steadily in the highly volatile cryptocurrency market.