Türkçe
Español
Changpeng Zhao (CZ), founder and former CEO of Binance, recently revealed that he received over $1 million in refunds to a wallet address he previously used for donations. He stated that he would not use these funds for personal purposes and sought community input on the best way to utilize them. In a post on February 28, he announced that the funds would be allocated to the winners of the Binance Memecoin Liquidity Support Program, generating significant excitement within the memecoin community.
Significant Support from CZ for BNB Chain Memecoins
Zhao shared on X that part of the BNB received from the donation address would be distributed as additional liquidity to selected successful memecoin projects through the Binance Memecoin Liquidity Support Program. This initiative aims to provide enhanced liquidity to the most successful memecoin projects on a weekly basis.
The community perceives this decision as a major opportunity for memecoin projects within the BNB Chain ecosystem. A user named aiCHANCHO noted that CZ’s direct support would further strengthen the memecoin market. The liquidity support simplifies trading of memecoin projects on major exchanges and helps stabilize price fluctuations.
Details of the Binance Memecoin Liquidity Support Program
For those unfamiliar, Binance launched the Memecoin Liquidity Support Program on February 18, 2025. This program is designed to support the growth and popularity of successful memecoin projects by providing liquidity assistance. Projects are evaluated based on market capitalization, price increases, and trading volume to determine which ones receive support.
Winning projects are determined daily and weekly, with the liquidity provided being permanently allocated to them. This ensures easier trading operations while maintaining price stability.
Additionally, Binance announced the winners of the first round of the Memecoin Liquidity Support Program. The project Broccoli (f3b) received the highest level of support, totaling $500,000. Meanwhile, KOMA and SIREN received $400,000 each, while BANANA, PERRY, and TST were awarded $300,000 in liquidity support. Other projects, including Broccoli (714), Broccoli (f2b), and TUT, received $200,000 in support.
