#BSCMemeCoins CZ from Binance burns over 2.7 million euros in memecoins.

The billionaire Changpeng "CZ" Zhao, founder of Binance, has burned over 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 the 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.

These cryptocurrencies reached CZ through promotional campaigns, voting, and marketing actions in the Four.meme project, which seeks listings on Binance and greater recognition in the market. However, the entrepreneur has preferred to disassociate himself from these initiatives, destroying all the memecoins he has received.