Binance Drama: Zhao’s Liquidity Boost or Just a Token Gesture? 😏

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So, former Binance big cheese, Changpeng Zhao, has decided to sprinkle some liquidity fairy dust on the BNB Chain ecosystem. But hold your horses, folks! He’s also throwing shade at those who think sending him tokens is a surefire way to get his attention. 🙄

In a cheeky post on X (formerly Twitter, because who doesn’t love a rebrand?), Zhao declared he’ll be tossing “a few hundred BNB (BNB)” into the lucky winners of the BNB Chain weekly program until his wallet runs dry. And guess what? They might even let more than just meme tokens join the party. 🎉

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.

They will likely adjust the rules to accommodate larger cap tokens and cover more sectors (not just…

— CZ 🔶 BNB (@cz_binance) February 28, 2025

This little initiative is part of the BNB Chain Meme Liquidity Support Program that kicked off on Feb. 18. It’s like a talent show for meme coins, where the winners get a permanent BNB liquidity boost from the BNB Chain Foundation’s wallet. Talk about a glow-up! 💅

But wait, there’s a catch! Only tokens that are natively launched on BSC through approved platforms like Four.meme, Burve, Gra.Fun, and PancakeSwap’s SpringBoard can join the fun. Sorry, no randoms allowed! 🚫

Zhao: Tokens sent will be left or burned

Now, here’s where it gets spicy. Zhao had a little warning for those thinking they could butter him up with unsolicited tokens. “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,” he quipped. Ouch! 😬

He went on to explain that returning those tokens would just create a mountain of unnecessary work. Instead, he’s planning to either ignore them or set them ablaze. “I will not endorse any tokens,” he made it crystal clear. 🔥

At one point, he even toyed with the idea of converting those random tokens to BNB, like Ethereum’s Vitalik Buterin. But then he thought, “Nah, too much hassle and I don’t want to mess with the market.” Smart move, Zhao! 🙌

And let’s not forget, this is all happening while Zhao is serving a four-month vacation in prison for money laundering violations. But don’t worry, he’s still managing to keep his social media game strong, commenting on market conditions like a true influencer. 📱

Dips are a part of free markets. 🤷‍♂️

Not financial advice.

If you are stressed about it, you probably should reduce your investment size. (That is, if you view crypto as an investment.)

For me, it’s a worldview shift. I exited the old world 11 years ago.

— CZ 🔶 BNB (@cz_binance) February 28, 2025

In a recent post about market dips, Zhao advised stressed investors to consider cutting back. “Dips are a part of free markets. Not financial advice. If you are stressed about it, you probably should reduce your investment size,” he said, while promoting crypto as a “worldview shift.” Deep, right? 🤔

Oh, and by the way, Zhao stepped down as Binance CEO in November 2023. Richard Teng is now the lucky one in charge. Good luck, Richard! You’re gonna need it! 😅

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2025-03-01 16:27