According to PANews on October 14th, OKX CEO Star wrote on the X platform: "X Layer has never opposed Memecoin. As open on-chain infrastructure, Memecoin is a unique and meaningful component of our ecosystem. What we oppose is exchanges abandoning their neutrality and objectivity by personally entering the market, mass-producing worthless tokens, manipulating market sentiment, and deceiving users through 'airdrops' and 'rewards,' or tokens promising 'hundredfold' or 'thousandfold' returns. These pyramid-like tactics, which directly or indirectly manipulate the market, ultimately sacrifice the interests of the vast majority of users, allowing only a few early adopters to enjoy the so-called '10,000-fold life.' The true meaning of blockchain is not to create illusions, but to rebuild trust."