PANews reported on October 3rd that Binance founder CZ responded to the community's recent discussion about the unusually active meme coin on BNB Chain in a post on the X platform. He denied the existence of a so-called "Binance cartel" and stated that the activity was not manipulated by a group, but rather a reflection of "community activity."

The response stemmed from a tweet by crypto influencer @0xUnihax0r, which claimed that the “Binance Cartel” created a meme coin with a market capitalization of $100 million in 48 hours, while no new token on the Solana chain had a market capitalization of more than $1 million in the same 24 hours.

CZ added that he had seen at least two innovative meme projects in the past week, while stating that he had not purchased any related tokens.