Binance CEO Richard Teng: The cryptocurrency market is just an interpretation of tactical retreat! Meme coins frequently get into controversy

Binance CEO Richard Teng recently spoke on social media platforms, calling on investors to remain rational in the face of market volatility, and stressed that the fundamentals of the cryptocurrency market are still stable. However, Binance continues to list the controversial Meme coins, which has sparked unanimous doubts about its position.

Market volatility: tactical adjustment rather than structural collapse?

Teng believes that the current market fluctuation is only a short-term adjustment, not a long-term recession. He cited the 2022 case of Bitcoin falling due to the Fed's interest rate hike and subsequent rebound in an attempt to stabilize investor confidence. He pointed out that the growth in institutional investment interest, the continued inflow of ETF funds and the increase in the number of new users in Binance all indicate that the fundamentals of the crypto market have not been affected. He predicts that Fed policy will quickly turn as inflation eases or employment data changes.

Meme currency dispute: the contradiction between steady development and speculation

However, Teng's view is not fully recognized by the market. Many users criticized Binance for continuing to introduce Meme coins, believing that these tokens lack practical application value, which is contrary to the stable development philosophy advocated by Binance. CryptoWizardd comments pointed out that Binance should prioritize projects with practical applications rather than hype Meme coins.

The prices of some tokens listed on Binance recently have performed poorly, exacerbating market concerns about their long-term value.

Binance's business considerations: the trade-off between traffic and value

Teng once said that Meme coins are attractive to young users and are a way for novices to enter the crypto market. He stressed that Binance has a strict evaluation process for listing projects, and pointed out that Meme coins account for about 12% of the altcoin transaction volume, and its market influence cannot be ignored. However, the market generally believes that these tokens are mainly used for short-term speculation, which seems to be inconsistent with the long-term growth strategy emphasized by Teng. The fundamental reason for Binance's move is likely to be to maximize trading volume and platform popularity.

Market Confidence and Speculation: How to Seek a Balance?

Teng encourages investors to stay focused and continue to learn, and says mature crypto markets will gradually reduce volatility. However, the market questioned that if Binance continues to promote Meme, it will only aggravate speculative behavior and be detrimental to market stability. Binance's compliance efforts may be damaged by the Meme coin boom, and its image as a "compliance pioneer" may be covered in dust. To truly lead the development of the industry, Binance may need to pay more attention to projects with practical application value rather than just pursuing short-term traffic.

Binance tried to stabilize market sentiment with data and fundamental analysis, but its behavior of putting Meme coins on the shelves has raised doubts. Investors hope Binance can find a balance between pursuing growth and stabilizing the market, rather than relying solely on topical tokens to attract attention. Binance's future strategic direction will continue to be closely watched by the market.

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