On September 16th, Binance co-founder Yi He stated on Telegram: "Binance has no intention of steering the market towards memes. Currently, there are roughly three types of projects in the market:

1. Telegram mini-games with high rewards;

2. A large number of infrastructure projects waiting to issue tokens, all with high valuations and categorized as CV coins;

3. Memecoins are the only ones with remaining hype. Previously, our contracts followed the trend and participated in the NEIRO boom. However, the community responded with concerns about meme coins becoming manipulated, so we spent some time trying out projects with relatively lower market caps and dispersed token holdings.

4. We are also keeping an eye on other types of projects. If you have any coins you find particularly promising, feel free to recommend them.

"But Binance is an exchange platform and will do our best to provide the diverse tokens that the market demands. However, investing comes with risks, so we encourage everyone to DYOR before buying or selling."