- CZ expected DOGE to disappear
- But Elon Musk took on the token
Binance CEO, Changpeng Zhao, is surprised that Dogecoin has not yet disappeared and Elon Musk has extended the memcoin’s life.
“One memcoin that really surprised me was dogecoin. It lasted a very long time.. I thought it would have disappeared a long time ago.
But Elon Musk grabbed onto it and may have prolonged its life,” CZ said in a “ask me anything”
The cryptocurrency market has recently boomed with all sorts of memcoins, led by PEPE. Many people have made money speculating with this token.
For example, a trader made more than $1.14 million on the PEPE rate hike with only $250 invested.
This is how CZ commented:
“This is what it is. It seems popular now.. That said, I think the risk is very high.”
Zhao also added that he is not against memcoins.
This is confirmed by the fact that recently PEPE token was poured on Binance. CZ said the exchange supports what its customers are actively interested in.Dogecoin was one of the first memcoins created in 2013.
And Elon Musk decided to support him. In early April, he changed the platform’s icon to Doge after securing the dismissal of a lawsuit.
And on the back of that, the coin rose 30%. But a few days later he took it back, and the coin reacted by falling. DOGE is currently trading at $0.07434.