In a move to promote transparency and curb misunderstandings, Binance founder Changpeng Zhao (CZ) has clarified that his public donation wallet is not intended for token promotion, endorsement, or listing purposes.
CZ explained that any tokens sent to this wallet will not be managed in ways that benefit the sender — and in some cases, they may even be destroyed (“burned”) or otherwise removed from circulation.
Millions in Tokens Already Burned
According to recent reports, CZ’s donation wallet has eliminated around US$3.59 million worth of tokens, most of which were meme coins. This demonstrates that the wallet operates purely as a donation channel, not a vehicle for speculative exposure.
CZ has made multiple public statements reminding users:
“Please do not send more tokens to the address expecting an interaction.”
This means that any assumption of response, endorsement, or listing is misguided and risky.
No Endorsement or Listing Guarantees
CZ has also stressed that his tweets or public mentions should never be interpreted as endorsements. Many crypto projects, particularly in the meme coin space, have attempted to gain attention by sending tokens to well-known wallets — but this approach can backfire.
Tokens sent under such assumptions could be sold, burned, or moved without notice. There’s no guarantee of return, recognition, or listing on Binance or any other exchange.
A Warning to Holders and Projects
For token creators and investors hoping to gain exposure through unsolicited token transfers, CZ’s message is clear: don’t do it. Sending assets to a public figure’s wallet will not yield benefits — and in this case, may result in total loss of those tokens.
This policy aims to discourage the growing “send tokens for attention” trend that has emerged in the crypto space. CZ is drawing a hard line against opportunistic marketing tactics that exploit public perception.
For Everyday Users: Stay Cautious
The takeaway is simple — treat any tokens sent to CZ’s wallet as donations, not investments. Always verify information and remain skeptical of claims suggesting that sending tokens to prominent figures will result in rewards or exposure.
In a market where hype can easily overshadow logic, CZ’s firm stance serves as a reminder to do your own research (DYOR) and approach such claims with caution.
Conclusion
CZ’s statement reinforces a key principle in the crypto world: transparency and responsibility. His public wallet is for donations only — not a shortcut to listings or endorsements.
As the crypto ecosystem matures, this kind of clarity helps protect both investors and the reputation of the broader community.
