CZ Responds to Burning Meme Coins: Will Stop Using Related Addresses and Donate BNB and the "Binance Life" to Giggle Academy
CZ posted on the X platform in response to burning Meme coins. He said: “Too many people try to over-interpret ‘What does this act mean?’”
Today, I tested @TrustWallet. I found that my wallet had so many meme coins that it was even hard to find BNB, so I tried to burn some tokens. The result was that even this action sparked a lot of community discussion.
I realized that I can never “clean up” the meme coins on this address completely. The more I burn, the more people send coins to this address.
Because of the transparency of the blockchain, any activity on this address will be over-interpreted by the community.
I even considered asking the Trust Wallet team to add an “Ignore Coin” feature to prevent the interface from getting cluttered, but 99.99% of people wouldn’t use it anyway.
So the plan is as follows: I will donate the BNB and the “Binance Life” tokens bought with BNB to Giggle Academy. After that, I will stop using this address and make it a burn address. “ $BNB
CZ posted on the X platform in response to burning Meme coins. He said: “Too many people try to over-interpret ‘What does this act mean?’”
Today, I tested @TrustWallet. I found that my wallet had so many meme coins that it was even hard to find BNB, so I tried to burn some tokens. The result was that even this action sparked a lot of community discussion.
I realized that I can never “clean up” the meme coins on this address completely. The more I burn, the more people send coins to this address.
Because of the transparency of the blockchain, any activity on this address will be over-interpreted by the community.
I even considered asking the Trust Wallet team to add an “Ignore Coin” feature to prevent the interface from getting cluttered, but 99.99% of people wouldn’t use it anyway.
So the plan is as follows: I will donate the BNB and the “Binance Life” tokens bought with BNB to Giggle Academy. After that, I will stop using this address and make it a burn address. “ $BNB