CZ Binance Crypto Buying Strategy: Long-Term Holding (HODL)
Binance continues to be Binance, but Changpeng Zhao's (CZ) influence in the crypto community remains strong. A few days ago, CZ encouraged the community to create the "best meme coin," eventually revealing the name of his 18-month-old Belgian Malinois dog as "Broccoli." Following this announcement, dozens of Broccoli-themed tokens were launched on the Binance network, leading to the platform crashing due to excessive demand.
One of these tokens quickly reached a market value of $400 million but then rapidly declined. This situation clearly highlights the speculative bubble that CZ has criticized. Although CZ denies any direct connection with specific tokens, these events once again reveal the strong bond between him and the meme coin market.
Some believe that CZ's recent announcement acknowledges that meme coins are not sustainable. Others argue that this is a strategic move to reshape his image in the maturing crypto market and that he is engaging with the community by playing into meme culture.
It is still unclear whether CZ no longer likes meme coins or if he is appealing to investors' sentiments. However, the meme image of the pointing man he included in his post may indicate that he still has a favorable view of the culture he criticized.
The only certainty is that CZ has always supported long-term projects. Whether it is a meme coin or a utility-focused project, what matters is not quick gains but choosing something that holds long-term value.