The founder of Binance, Changpeng Zhao (CZ), shared a video from prominent crypto day trader Dave Portnoy in which Portnoy openly admitted to trading meme coins for profit. Portnoy discussed his recent purchases of two meme coins and clarified that his goal was to sell them at a profit. He likened meme coin trading to a game where one aims to cash out before the market crashes. Binance CZ's repost of the video with a laughing emoji indicates his amusement with Portnoy's take on meme coins. Meme coins, known for their potential for rapid price increases and driven by internet culture, have sparked debates on the ethics of trading them. Critics argue that such behavior can contribute to market manipulation and that inexperienced traders often lose out when influential figures promote meme coins. Despite the controversy, meme coins remain a significant part of the crypto ecosystem, with a market valuation of $67 billion.



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