Recently, a new wave of speculation erupted on the BNB Chain surrounding the personal wallet of Changpeng Zhao (CZ), co-founder and former CEO of Binance. The observant crypto community noticed unusual activity: a large batch of memecoins was sent from Zhao's address for burning. The first to notice this was a blogger under the pseudonym Crypto小宇 (老炮), who hastily constructed an entire conspiracy theory around these transactions.
The observer suggested that in this way, Zhao is trying to take care of Binance users even after stepping down as CEO, linking the token burn to the idea of mutual obligations between the founder and his audience. However, as subsequent events showed, reality turned out to be much more mundane.
Direct Response from Zhao
Changpeng Zhao himself quickly commented on the situation, dispelling all guesses. According to him, there is no deep meaning behind the transfers. He explained that he hadn't looked at this wallet in a long time, and when he opened it, he found tens of thousands of coins — so many that it even distorted the balance display.
Zhao said he suggested improving the coin display and then conducted a check. In the end, he decided that sending unwanted coins to his own address made no sense — it was simpler to transfer them directly to a burn address. This is a special address from which coins cannot be recovered, and they are considered destroyed.
Mass sending of spam memecoins to wallets of well-known industry figures is a common practice to attract attention. This explains where Zhao accumulated tens of thousands of coins.
Not the First Exchange with the Same Blogger
This is not the first exchange of remarks between Zhao and Crypto小宇 (老炮). In early July, the same author published a promotional post praising the coins $CZ, $TCC, and $AB as leaders of the new memecoin season on the BNB Chain. He linked two of them to Zhao's name, claiming that the new season was launched by the TCC project's collaboration with the businessman, and that the $AB coin was allegedly backed by a person personally acquainted with Zhao.
At that time, Zhao completely disassociated himself from these projects, stating that he does not own the coins and knows nothing about them. Both cases share a common pattern: the blogger builds a beautiful story around Zhao's name, and then the businessman himself is forced to explain himself to the audience.
Expert Opinion from Cryptalist: Such incidents are a vivid example of how speculative thinking in the crypto community can create false narratives. CZ once again demonstrated a pragmatic approach, reminding that not every on-chain action hides a secret agenda. Investors should be more careful and not succumb to emotional interpretations of routine transactions.