Binance founder Changpeng Zhao (CZ) has turned to the crypto community for advice on how to handle the unexpected accumulation of more than $1 million in a donation wallet address he previously used.
In a post on the X platform, Zhao explained that the address he initially donated around $100,000 (equivalent to 150 BNB) to has since received more than $1 million in various returns from users. Zhao explained that he would not be keeping any of the funds for himself, and asked for suggestions on how best to allocate them.
“I will not keep any tokens for myself. What should I do with these funds? Add them to liquidity pools? Airdrop them? Donate them to charity? Send them to a destruction address? Any other ideas?” Zhao wrote.
To prevent spam replies, Zhao limited replies to users she follows and warned that she would unfollow anyone who spammed the thread. She also rejected personal requests for funds and said any action should benefit a community rather than individuals.
Regarding the original donation, Zhao explained that the recipient was a college student who had been earning from BNB and actively supporting the BNB ecosystem. The student used his own funds (rumored to be $50,000) to help others, which encouraged Zhao to contribute to the initiative as well.
Zhao’s assets in this wallet are:
- BNB: 862,084 ($577,680)
- BROCCOLI: 10.143M ($588,460)
- HOLD: 45.586M ($97.520)
- SIREN: 921.0610 ($63,540)
- GOUT: 200M ($13,770)
- BABYBROCCOLI: 5M ($8,850)
- ZHOA: 10M ($6,730)
- MANYU: 30M ($4,920)
- HINAGI: 10M ($4,890)
- QUACK: 5T ($3,030)
- COMA: 44,444 ($2.90)
- FOUR: 4.444M ($2.470)
- BANANA: 1M ($1,770)
- TCC: 749,417 TCC ($1,210)
- BABYNEIRO: 307,781T ($1,180)
*This is not investment advice.
