Binance's CZ Supports All Meme Coins, May Trade Some in Coming Weeks

Huoxing Finance reports that on July 30, CZ stated that he did not communicate with the Giggle Academy team regarding his recent sale of donated tokens, nor does he personally manage the associated wallet addresses. However, Giggle Academy typically converts or sells the majority of donated tokens for BNB at the end of each month. Without a prior agreement or contract, sending or donating tokens to another address should not imply an expectation that the recipient will handle them according to the sender’s wishes—such as burning them. If one intends to engage with another party through token transfers, they should be prepared for the possibility that the recipient may sell them. Since the tokens are referred to as donations, recipients should be free to use them as they see fit, and it is inappropriate to later claim an expectation that they would be destroyed. The tokens donated to Giggle Academy will be sold, with proceeds used to provide free education to children worldwide; the project has already reached over one million children in less than two years. CZ also stated that he supports all meme coins and may buy or sell one or two meme coins in the coming weeks to test new ideas.