Binance Founder Burns $490,000 in Meme Coins

Changpeng Zhao, the former CEO of Binance, took a significant action by burning nearly $500,000 worth of unsolicited meme coins from his public donation address. This move emphasizes transparency in handling public donations and highlights accountability for managing these tokens. 💰🔥🚀 🧠 💸 The burn affected tokens QUQ, SIREN, and BNBCARD. 🤝 While some praised CZ’s approach, others speculate on the potential market impact of reduced token supply on these specific meme coins.