Changpeng Zhao Pledges Liquidity for BNB Chain Memecoins but Rejects Token Donations

Binance founder Changpeng Zhao (CZ) has pledged to personally provide liquidity for select projects participating in BNB Chain’s Memecoin Liquidity Support Program.

He plans to contribute several hundred BNB until the allocated funds are fully distributed.

This follows BNB Chain’s recent $4.4 million initiative aimed at fostering growth in the meme coin space. CZ also indicated that the program’s framework could be adjusted to accommodate larger token volumes and possibly expand beyond meme coins.

Addressing speculation about transactions involving his wallet, Zhao firmly stated that any funds sent to the designated address with expectations of a refund would not be returned. He dismissed such attempts as opportunistic and reiterated that he does not endorse any specific tokens.

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If tokens are sent to his wallet, they will remain untouched or be burned, rather than converted into BNB, as he wants to avoid influencing market prices or adding unnecessary tasks to his workload. He also noted that while this is his current stance, his approach could change depending on circumstances.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.