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Binance founder CZ decided not to close the crypto wallet and donate BNB and another altcoin! follow

2026-08-18 00:39:20
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Zhao Changpeng (CZ), founder of Binance, the world's largest cryptocurrency exchange, has once again become the focus of attention because of his remarks on cryptocurrency wallets and related transfers.

Zhao Changpeng first reviewed his experience when testing some functions of Trust Wallet. He said that his use of public wallet addresses was often misunderstood by the industry and clarified that he would not close his wallet because of the features provided by Trust Wallet.

Zhao Changpeng pointed out that his wallet kept receiving memes. He even complained that due to the excessive amount of memes, he couldn't even find his BNB. He admitted that he had considered closing his wallet because of this, but added that destroying tokens or closing his wallet was not the solution.

"My previous thoughts were wrong. Some people pointed out that hidden tokens are actually a very useful feature, and the Trust Wallet team also noticed this. They told me that Trust Wallet already has this feature, but because the login entrance is quite hidden, it takes five clicks to find it. I think they will release an update for this feature soon."

Through these remarks, Zhao Changpeng showed that he had changed his mind. At the same time, his $1 million transfer also attracted attention.

According to monitoring by cryptocurrency analysis platform OnChainLens, Zhao Changpeng transferred approximately US$965,000 worth of tokens from his public wallet to Giggle Academy today. The transfer included 1440 Binance coins (BNB, worth approximately US$872,000) and 182,620 BNB Life tokens (worth approximately US$93,000).

As we all know, Zhao Changpeng said the day before that he would donate the remaining BNB and BNB Life tokens from his wallet previously used to test Trust Wallet to Giggle Academy, and then planned to stop using the address and effectively convert it into a destruction address.

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