The founder of Bianan Zhao Chang Peng (CZ) recently carried out a series of unusual operations on his personal BNB chain address, sending a large number of Memecoins to destruction sites, triggering speculation in the encrypted community.
What happened on the block chain?
Before that, many Memecoins were sent to Zhao ' s personal address. He later transferred some prominent tokens to a destruction wallet, an address that could not restore the assets. The blogger interprets this as a symbolic act, indicating that Zhao still cares about currency users after resigning from CEO.
CZ explains why the token was burned.
Zhao Chang Peng refuted these speculations, saying that there was no deeper meaning behind the deal. He claimed that he had not looked at the wallet for a long time and opened it and found that it contained thousands of different tokens, many of which could have been sent as spam.
The large number of assets led to the wrong display of the balance in the wallet interface. Zhao indicated that he had recommended improvements to the token display system and tested the updated functionality. In his view, it would be pointless to transfer unnecessary tokens back to his address and therefore send them directly to the destruction site.
The first theory is not the first.
This is not the first time that Cripto Xiaowoo has built a narrative around Zhao and several BNB chains, Memecoins. He directly linked the two projects to Zhao, claiming that US$TCC, in cooperation with Zhao, had introduced the new BNB chain Memecoin season and suggested that the person behind US$ AB had personal relations with Zhao.
Zhao Chang Peng later denied any connection to the projects, stating that he did not own the coins and knew their creators.
Nevertheless, speculation about Zhao's wallet activity continues.