CZ is abandoning his public wallet because it's flooded with unsolicited memecoins.
By July, he had tens of thousands of different tokens piling up—said it's "almost impossible to clean" since anyone can keep sending more.
The real issue? Copy traders watch his wallet like hawks. Every time he tried burning junk tokens, it triggered more spam and degen speculation.
One trader made ~$282k copying his $MarsCoin move.
Before ditching the address, CZ is donating remaining tokens to Giggle Academy—already transferred ~$965k worth.
This is what happens when your wallet becomes a honeypot for airdrop farmers and copycats. Public transparency has a cost in crypto.
By July, he had tens of thousands of different tokens piling up—said it's "almost impossible to clean" since anyone can keep sending more.
The real issue? Copy traders watch his wallet like hawks. Every time he tried burning junk tokens, it triggered more spam and degen speculation.
One trader made ~$282k copying his $MarsCoin move.
Before ditching the address, CZ is donating remaining tokens to Giggle Academy—already transferred ~$965k worth.
This is what happens when your wallet becomes a honeypot for airdrop farmers and copycats. Public transparency has a cost in crypto.