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BNB 
SHIB CZ will abandon the public wallet because unsolicited Meme coins make its BNB balance difficult to track.
Zhao Changpeng (CZ) said he will stop using the public wallet after donating the BNB and Binance Life tokens in his wallet to Giggle Academy. The Binance founder made the decision after a large amount of unsolicited Meme coins poured into his wallet, and his attempt to clean them up sparked market speculation. He said that the transparency of blockchain allows every wallet interaction to be interpreted by the community.
CZ plans to abandon the wallet
Zhao Changpeng revealed that when testing the Trust Wallet, he noticed the increasing number of Meme coins, which made it difficult for him to locate his BNB balance. He tried to destroy some unnecessary tokens, but the move instead sparked more community discussions. According to Zhao Changpeng, every time he destroys existing tokens, more Meme coins pour in. He also considered asking Trust Wallet to add an "ignore tokens" feature, but he believed the feature would be useful only for a few users.
Later, Zhao Changpeng proposed another solution for this wallet. He plans to send the BNB and Binance Life tokens among them to Giggle Academy, after which he will stop using the address completely. He said the wallet would actually become a destruction address.
Token destruction triggers market fluctuations
The movement of the wallet has also attracted the attention of Lookonchain analysts. They reported that Zhao Changpeng destroyed 4444 tokens from each of two third-party projects. According to information, one of the assets is an unofficial copy. Still, speculators interpreted the deal as a chain signal. The market value of the imitation disk soared from US$40,000 to US$30 million, and its price increased by more than 30000% during the rise.
At the same time, the price of genuine tokens traded on Binance Alpha remained stable. Subsequently, this wave of violent fluctuations reversed, and the market value of the imitation market fell back to US$5.26 million.
Zhao Changpeng emphasizes transparency of blockchain
Zhao Changpeng compared this reaction with early encryption incidents involving well-known wallet activities. He said community members always tried to interpret his trading intentions. This situation is also reminiscent of the Shiba Inu (SHIB) incident involving Vitalik Buterin in 2021-Buterin destroyed the SHIB tokens sent to his wallet by the project party.
In Zhao Changpeng's case, the token project party used his identity to send a large amount of junk assets to his address, and the resulting transaction attracted further attention from traders and community members. Zhao Changpeng said he could not clean his wallet permanently because new tokens would keep pouring in. Therefore, he plans to donate the remaining BNB and Binan Life Tokens before giving up the address.
