#BSCMemeCoins The billionaire Changpeng "CZ" Zhao, founder of Binance, has burned more than 2.7 million euros (3 million dollars) in memecoins received as donations. Instead of selling the assets, CZ decided to send them to an inactive address, permanently removing them from the market.

He stated that he prefers to destroy the tokens instead of selling them, as this prevents losses for investors and does not harm projects that are only seeking visibility.

"Selling would have a direct impact on the price," CZ explained about his decision.

Among the destroyed assets are 1.8 million euros (1.95 million dollars) in TUT tokens, 510,000 euros (547,000 dollars) in BROCCOLI, and 1 million euros (1.1 million dollars) in Broccoli-caab. He also burned 326,000 euros (358,000 dollars) in MUBARAKAH, another memecoin with recent exposure on the BNB Smart Chain.