Changpeng Zhao (CZ) burns meme-coins: what is CZ Binance's plan?

Staying cautious, Changpeng Zhao, the founder of Binance, recently sent meme-coins worth millions of dollars to the incinerator.

This move resulted in price increases and highlighted his conscious choice to avoid involvement with meme-coins and the potential risks they pose to holders.

In a post on X, Zhao stated that he manually burned these meme-coins instead of using AI-based solutions that had not been security-checked.

According to Arkham, the founder of Binance burned Tutorial (TUT) and Broccoli (BROCCO) tokens worth a total of $1.9 million.