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OKX CEO: X Layer has never been against Meme coins, but we are against exchanges abandoning their objective stance and manipulating public opinion. - CoinFeed
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OKX CEO: X Layer has never been against Meme coins, but we are against exchanges abandoning their objective stance and manipulating public opinion.

October 14, 2025
CoinFeed News

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, whether direct or indirect, manipulate the market and 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 lies not in creating illusions but in rebuilding trust."

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