CZ: Memecoin market sentiment may fluctuate rapidly, but the ecosystem will not change in a day

According to Odaily Planet Daily, CZ responded to market fluctuations on the X platform, stating that the market decline appears to be due to false information (FUD) regarding Alpha's future delisting of certain tokens. Although this information was subsequently disproven, it had already impacted the market. This demonstrates that when enough people are misled by false information, FUD can still have a devastating impact on the market. He also emphasized that he was not involved in the incident.

CZ added that market sentiment can fluctuate quickly (especially in meme coins), but the ecosystem doesn’t change in a day.