Star: Does not oppose Memecoin, but trading platforms should remain neutral

ChainCatcher news, OKX CEO Star posted on social media, "Many people interpreted my last article as me opposing Memecoin, which is actually a misunderstanding. As I have emphasized multiple times, I do not oppose Memecoin. Memecoin embodies the spirit of community and consensus culture, making the crypto world more vibrant and creative.

What I really want to express is: trading platforms should remain neutral. If competing platforms hype up the so-called wealth effect through individual 'get-rich' cases, guiding a small number of 'early birds' to mass-produce Memecoin, and even personally get involved, openly or secretly promoting it to attract more users who lack professional knowledge and are easily swayed by emotions to blindly follow, this is a short-sighted behavior that kills the goose that lays the golden eggs.

Such practices not only harm the long-term health of the entire industry but may also touch the bottom line of compliance and legality. The responsibility of the platform is to build a fair and transparent market environment, not to become an instigator of emotions.

At the same time, I hope that opinion leaders will no longer attempt to 'persuade' or 'pressure' OKX and the X Layer team to get involved, promoting projects like 'XX Life', '3', '4', etc. This does not align with OKX's values and deviates from the Web3 spirit we believe in—openness, rationality, and long-term construction."