Binance Founder CZ Burns Unwanted Memecoins, Tells Projects to Stop Using His Wallet for Publicity
The post Binance Founder CZ Burns Unwanted Memecoins, Tells Projects to Stop Using His Wallet for Publicity appeared on BitcoinEthereumNews.com.
Altcoins The public donation address of Binance founder Changpeng Zhao (CZ) has once again become the focus of the crypto community after on-chain analysts detected a fresh wave of token burning. Key Takeaways CZ burned $49K in memecoins from his donation wallet after seven months. He warned future memecoin airdrops may be sold instead of burned. Smaller projects keep targeting celebrity wallets for attention. This marks the first time in seven months that the high-profile address has been used to destroy unsolicited assets sent by random memecoin projects. According to blockchain data, the wallet burned a mix of low-cap tokens collectively valued at approximately $49,000. The burned assets primarily consisted of QUQ worth around $30,500, followed by $14,200 worth of SIREN and roughly $4,300 in BNBCARD. Each of these tokens was transferred to the burn address and permanently removed from circulation, a move that effectively ends their existence on the blockchain. CZ Explains the Reason Behind the Burn Soon after the on-chain activity drew attention, CZ confirmed on social media that the cleanup was deliberate. He clarified that the donation wallet was intended to hold only BNB, Binance’s native token, and that any other coins sent to the address would eventually be cleared out. Just cleaning up the wallet. The donation address only keeps #BNB. Next time, I might choose to market sell any meme coins received. Do not send tokens to the address if you don’t want them to be sold on the market https://t.co/nvK94tyAMu — CZ 🔶 BNB (@cz_binance) November 9, 2025 “I’m just cleaning out my wallet,” Zhao explained. “The donation address only holds BNB. Next time, I may choose to sell memecoins sent to me directly on the market. If you don’t want them to be sold, don’t send memecoins to this address.” His message served…
