CZ sends $965K to Giggle Academy, retires public wallet

Binance founder Changpeng “CZ” Zhao has followed through on plans to empty a closely watched public wallet, transferring roughly $965,000 in BNB and 币安人生 tokens to his education project, Giggle Academy, on Aug. 16. Summary CZ transferred roughly $965,000 in BNB and 币安人生 tokens to Giggle Academy on Sunday evening. On-chain trackers reported 1,440 BNB and 182,620 币安人生 tokens moved to Giggle Academy’s wallet Sunday. CZ said unsolicited meme coins cluttered his public wallet and prompted repeated community speculation online. CZ called the retired wallet an effective burn address, not a protocol-defined unspendable address on-chain. Giggle Academy accepts public donations to fund free educational content and programs for children worldwide. On-chain analysts Onchain Lens and The Data Nerd reported that Zhao transferred about 1,440 BNB, then valued near $872,000, and 182,620 币安人生 tokens worth roughly $93,000 to Giggle Academy’s Gnosis wallet. The transfers came shortly after Zhao said he would donate the assets and stop using the address. CZ says meme coins made the wallet difficult to use Zhao explained the decision in an Aug. 16 Binance Square post, saying he had been testing Trust Wa...