BlockBeats News, October 11th, OKX CEO Star posted on social media, stating, “Many people interpreted my previous article as me being against Memecoin, but this is actually a misunderstanding. As I have emphasized many times, I am not against Memecoin. Memecoin is a manifestation of community spirit and consensus culture, making the crypto world more vibrant and creative.
What I truly want to express is: Exchanges should remain neutral. If competitor platforms use individual “get-rich-quick” cases to hype up the so-called wealth effect, guide a small group of “early birds” to mass-produce Memecoins, or even personally engage in pumping and dumping, attracting more users lacking professional knowledge and easily swayed by emotions to blindly follow the trend, this is a short-sighted action of killing the goose that lays the golden eggs.
This kind of practice not only harms the long-term health of the entire industry but may also touch upon the bottom line of compliance and law. The platform’s responsibility is to build a fair, transparent market environment rather than becoming an inducer of emotions.
At the same time, I also hope that all opinion leaders will no longer attempt to use public opinion to “persuade” or “pressure” the OKX and X Layer teams to engage in pumping and dumping for projects related to “XX Lifestyle,” “3,” “4,” and so on. This does not align with OKX’s values and deviates from the Web3 spirit we uphold—openness, rationality, and long-term development.”
