Binance CEO Changpeng Zhao (CZ) addressed concerns about the concentration of early meme coin holdings by individuals like P Xiaojiang during a recent Chinese AMA. CZ remarked that such phenomena are indicative of decentralization, as early investors assume risks while later buyers conduct independent research. He emphasized that this situation does not necessitate third-party intervention. CZ also commented on the influence of his tweets on meme coin popularity, asserting that genuine meme coins should have historical context and references. He highlighted that over 90% of meme coins fail, urging investors to take responsibility for their investment decisions.