iBNB

Peanut the Squirrel

Binance founder Changpeng Zhao (CZ) has expressed concern over the proliferation of meme coins. CZ called for a new focus on developing practical blockchain applications. His comments come amid dramatic price swings in tokens like PNUT (Peanut the Squirrel).In an X post, CZ stated that he was not against memes. But he added that meme coins are getting &#39;a little&#39; weird now. &#34;Let&#39;s build real applications using blockchain,&#34; he stated. His remarks appear to be prompted by the increasing misuse of platforms like Pump.fun and the extreme volatility witnessed in tokens like PNUT.The <a href="https://cryptotale.org/heres-why-solana-could-hit-a-new-ath-in-this-bull-run/" rel="noopener noreferrer nofollow">Solana</a>-based Peanut the Squirrel (PNUT) token showcases this volatility. PNUT has come a long way from its all-time low of $0.03128 on November 5 to reaching an all-time high of $2.47 on November 14. This represents a price surge of over 3,415.97%. However, the token has since faced major selling pressure, dropping 55.45% from its peak.The discussion gained additional traction when an X user defended meme coins. The user cited Elon Musk&#39;s support and suggested the need for &#34;better quality meme coins&#34; while acknowledging that &#34;98% of meme coins are garbage.&#34;<a href="https://cryptotale.org/cz-urges-a-shift-from-meme-coins-to-blockchain-applications/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

CZ Urges a Shift from Meme Coins To Blockchain Applications

CryptoTale

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