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.
- 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 as both a clarification and a warning to project creators who use unsolicited token drops as a marketing tactic. The practice, often called “airdrop spamming,” is commonly aimed at well-known figures in the industry as a way to create attention or legitimacy for otherwise obscure tokens.
Public Wallets Become Marketing Targets
Sending free tokens to prominent crypto personalities is not a new phenomenon. Smaller memecoin teams often exploit the visibility of wallet addresses associated with major figures like CZ, hoping to draw community interest or speculative hype by linking their tokens to them.
One of the most famous examples occurred in 2021 when Ethereum’s co-founder, Vitalik Buterin, unexpectedly received massive amounts of Shiba Inu (SHIB) tokens. Buterin later donated a large portion of the SHIB he received to India’s COVID-19 relief fund, turning what was meant as a publicity stunt into a major philanthropic act that also shocked the token’s community.
CZ’s move, however, sends a different message. By actively burning the memecoins instead of holding or transferring them, he has drawn a clear line between Binance and unsolicited token promotions. The act reinforces his longstanding stance against questionable marketing tactics within the crypto ecosystem.
Memecoin Hype Continues Despite Market Caution
The event comes at a time when the memecoin sector remains highly volatile. While tokens like Dogecoin and Shiba Inu still dominate market discussions, a growing number of smaller projects have emerged, often relying on viral marketing rather than technical innovation or long-term fundamentals.
The burning of nearly $50,000 in memecoins may seem minor in scale compared to the billions circulating across the industry, but it highlights the persistence of unsolicited token transfers and the challenges faced by high-profile crypto figures in maintaining transparency.
A Reminder of Responsibility and Security
For everyday investors and creators, the incident also underscores an important principle of blockchain transparency: once a public wallet address is known, anyone can interact with it. While this openness fuels the decentralized ethos of crypto, it also makes influential wallets vulnerable to token spam and publicity stunts.
CZ’s public handling of the situation reinforces the importance of responsible conduct within the crypto space, where reputation and perception often move markets as much as technology and fundamentals.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
