Binance – “Trading on tweets is a bad idea”

The head of the cryptocurrency exchange Binance, Changpeng Zhao, criticized Ilon Musk, calling his tweets “irresponsible.

According to Zhao, you can’t get rich by trading on “rich people’s tweets.” He wrote this on his account.

“If you are guided by the tweets of a rich madman, you won’t earn much.”

Hours earlier, head of Binance wrote, “no rich person became rich because they did what other rich people tweeted.”

His followers saw this as a stumbling block to Ilon Musk, whose posts have sent the cryptocurrency market up and down this year. For example, he sent Dogecoin (DOGE) into space and collapsed bitcoin (BTC). Some experts, such as Stuart Varney of FOX Business, believe Musk is manipulating the crypto market in this way.

Changpeng Zhao believes that “writing tweets that hurt other people’s finances is not funny, but irresponsible.”

The head of the cryptocurrency exchange Binance, Changpeng Zhao, criticized Ilon Musk, calling his tweets "irresponsible.

Musk has a new target
Meanwhile, Musk is posting strange encrypted messages again, engaging his followers in a new game. On Friday, June 4, the CEO wrote just three words: “Canada USA Mexico.” (Canada, USA, Mexico).

It didn’t seem like much of a big deal. However, there have been clever people who have linked this text to CUMMIES. the native token of the adult NFT content creation platform CumRocket.

The token also topped
Musk didn’t stop there and spawned another tweet consisting of nothing but emoji. It’s hard to know what it has to do with the obscene content platform, but CUMMIES went from $0.04 to $0.21. in a few hours and topped CoinGecko’s list of hottest coins. The developers of the platform tweeted about it.

CUMMIES is now trading at $0.18. During the day, the coin has risen by 175%.

DOGE is running ahead of the market
The DOGE meme coin appeared on the Coinbase cryptocurrency exchange this week. This event helped the coin overtake BTC and Ether (ETH) in terms of growth.

Over the past seven days, BTC rose 6.2% while ETH rose 14.9%. Meanwhile, DOGE has gained 24%. According to CoinMarketCap, that altcoin currently ranks fifth among cryptocurrencies by market capitalization. At the time of writing, its market value is almost $49 billion.

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Roman Mikhailov
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