The post Changpeng ‘CZ’ Zhao burns valuable meme tokens instead of selling appeared on BitcoinEthereumNews.com.

Changpeng ‘CZ’ Zhao sent multiple valuable meme tokens to a burn address. He stated his preference for burning the assets instead of selling and donating to charity. Changpeng ‘CZ’ Zhao has decided to burn meme tokens received as donations instead of selling them. Recently, Zhao burned $1.95M in TUT tokens, $547K BROCCOLI, and $1.1M in Broccoli-caab. Zhao announced he is seeking a way to clear his wallet of all donations, possibly automating the process.  The tokens gained exposure through Four.meme and the Binance ecosystem and have been fighting for more exposure and eventual additions to Binance Alpha or even full listings. Despite this, Zhao decided to distance himself from the tickers by destroying his holdings. Sent a few high-value tokens (6 or 7 figures) on my address to a burn address. There are a few new AI solutions to automate this, but they have not been security reviewed. Will do the rest later. Please do not send more tokens to the address expecting an interaction. https://t.co/uBInr4fboX — CZ 🔶 BNB (@cz_binance) March 31, 2025 Zhao also burned Mubarakah (MUBARAKAH) token worth $358.22K. For now, Zhao still uses a public dead address to burn the tokens. This may be the best approach, as some tokens may also incur significant fees or be linked to malicious smart contracts. So far, Zhao still retains assets from other small projects.  The Tutorial (TUT) tokens were sent to Zhao by the project’s developer. Recently, TUT was part of the vote to list the token on Binance, along with BROCCOLI and MUBARAK.  The token holders of TUT and several smaller projects with similar tickers used the vote to also send some of their assets to Zhao for exposure. TUT was also among the tokens with the biggest mindshare in the past few days. TUT is currently…

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Filed under: News - @ March 31, 2025 6:16 pm