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CZ donates $965K in crypto to Giggle Academy, clearing unwanted tokens from his wallet.

Protocol Fundamentals
17 Aug 2026
Blockonomi
View Source
Neutral
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Binance founder Changpeng Zhao (CZ) transferred about $965,000 in BNB and 币安人生 tokens to his education project, Giggle Academy, on August 16. He explained the move was to clear unwanted meme coins sent to his wallet, which complicated managing his assets and sparked speculation. CZ described the wallet as an "effective burn address," though it remains active and can still receive tokens. Giggle Academy uses donations to fund free education programs for children globally, and CZ plans to stop using the wallet going forward.

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