Former Binance CEO Changpeng Zhao (CZ) has announced a new initiative to support the BNB Chain ecosystem, focusing on providing liquidity to weekly program winners. At the same time, he issued a stern warning to those attempting to send tokens to his wallet in a bid to gain attention.
BNB Liquidity Support Initiative
In an X post on February 28, Zhao revealed his plan to add a few hundred BNB in liquidity to weekly winners of the BNB Chain Meme Liquidity Support Program until his allocated funds are depleted. The initiative aims to strengthen the BNB ecosystem by backing selected projects with additional liquidity.
“From this address, I will add a few hundred BNB in liquidity to the BNBChain weekly winners until no funds are left. This helps the BNB ecosystem.” – CZ
The BNB Chain Meme Liquidity Support Program, launched on February 18, highlights top meme coins by permanently adding BNB liquidity to their pools using funds from the BNB Chain Foundation.
Eligible tokens must be natively launched on Binance Smart Chain (BSC) via approved platforms such as Four.meme, Burve, Gra.Fun, PinkSale, Flap, TokenFi, Beeper, HoloworldAI, and PancakeSwap’s SpringBoard.
Zhao also indicated that eligibility criteria may evolve to include larger market cap projects and broader sectors beyond meme tokens.
Zhao’s Warning: Tokens Sent to His Address Will Be Ignored or Burned
Alongside the liquidity boost, Zhao cautioned against unsolicited token sends to his wallet, addressing users who attempt to gain his endorsement or create an artificial interaction.
“If you send funds to this address with the expectation that I will send them back so that you have a linked transaction or interaction with me, then you are greedy.”
The former Binance CEO explained that he will either leave the tokens untouched or burn them to prevent unnecessary work and discourage opportunistic behavior.
Zhao briefly considered converting received tokens into BNB, a method previously used by Ethereum founder Vitalik Buterin when handling unsolicited token transfers. However, he ultimately decided against it, citing concerns over market impact and added effort.
“I typically choose the least amount of work.”
Market Commentary and CZ’s Continued Influence
Despite stepping down as Binance CEO in November 2023, Zhao remains actively engaged in crypto discussions. While serving a four-month prison sentence for money laundering violations, he has maintained a strong presence on social media, regularly commenting on market conditions and investor sentiment.
In a recent post addressing market volatility, Zhao reminded investors about the nature of free markets, advising those feeling stressed to reduce their investment size.
“Dips are a part of free markets. Not financial advice. If you are stressed about it, you probably should reduce your investment size.”
Zhao has consistently framed crypto as a long-term worldview shift, distancing himself from short-term price fluctuations.
Changpeng Zhao’s BNB liquidity support plan aims to strengthen the BNB Chain ecosystem while his strict stance against opportunistic token sends reinforces his commitment to transparency. As the BNB Chain Meme Liquidity Support Program evolves, more projects beyond meme tokens may become eligible for permanent BNB liquidity, further enhancing the ecosystem’s growth. Despite his legal challenges, Zhao remains a key figure in the crypto industry, shaping discussions and investor sentiment through his ongoing market commentary.
