“Binance CEO CZ Warns of High Risk and Volatility as Exchange Lists PEPE and Floki Inu”

Binance CEO Changpeng Zhao, also known as “CZ,” took to his Twitter to warn his 8.4 million followers and the crypto community about Binance’s new plans to list PEPE to allow cryptocurrencies. can be traded on his platform

Message from CZ to the crypto community

In his tweet, CZ told the crypto community to be aware of the high risks associated with the two meme coins PEPE and Floki Inu being listed on exchanges.

Above all, meme coins are known for their high volatility. Their prices tend to skyrocket when major exchanges like Binance list them.

PEPE and FLOKI will be live on the Binance Innovation Hub, and the community is excited about what’s to come.

As for CZ itself, all memecoins and cryptos are highly risky in and of themselves. as he always stressed Being listed on Binance is not a vote of confidence in the coin as most of the time we see a coin drop in value after listing.

CZ also asks the community to remember that no one is forcing you to buy these coins, but you must educate yourself on these coins and use your own judgment when purchasing them.

source : U.Today