Buying CZ tracking account to promote meme coins? CZ: Be aware of meme coin risks, have stopped tracking.

Are celebrity-followed Twitter accounts trustworthy? It doesn't seem so. Among the Twitter accounts followed by Binance founder Changpeng Zhao (CZ), some have been sold to interested parties to promote meme coins. Zhao explained why he follows these accounts.

CZ Tracked Many Accounts Because of "4"

"4" has become a cryptocurrency community meme, representing "ignore FUD (fear, uncertainty, doubt) and attacks." It originated from a tweet by CZ earlier this year, hoping to quickly convey this meaning through this simple phrase and gesture.

Changpeng Zhao (CZ) mentioned that he randomly followed many accounts that replied with "4" at that time and continues to do so, tracking some positive individuals to contribute to the community.

When some followers started selling these accounts for improper purposes and promoting meme coins, CZ stated that he has started unfollowing these accounts and advised people not to invest in these hyped meme coins, emphasizing the need to be aware of the risks.

Not Just CZ's Case, Serum Account Also Promotes Memes

ZachXBT, a blockchain data detective adept at capturing blockchain events, also discovered that DEX Serum, nurtured by SBF on Solana, seemed to have its Twitter account sold or hacked. The account not only changed its profile picture and handle but also constantly urged people to buy the most trending meme coins.

Understanding the recent meme coin trend: Meme coin PEPE early entry return rate exceeded a thousand times? But liquidity is insufficient.