Binance co-founder He Yi has addressed concerns raised by some users regarding the exchange’s recent listing of numerous memecoins. In a statement, Yi clarified that Binance has no intention of influencing the trend towards memecoins.
“There are three main types of projects in the market right now,” Yi explained. “Telegram games, which are mostly for airdrops; infrastructure projects, which are often high FDV VC coins; and memecoins. Binance has been exploring some memecoin projects with low FDV and dispersed coin holdings to test the market.”
Binance’s recent announcement of listing Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (100000BABYDOGE) for spot trading further highlights the exchange’s interest in memecoin projects.
