According to CoinMeta, the founder of Binance, Zhao Changpeng ( CZ ), announced that he would completely abandon his public wallet. Previously, he attempted to clean up the junk tokens in his wallet, which triggered a market frenzy worth $30 million, similar to the famous Shiba Inu ( SHIB ) incident. According to observations by analysts from Lookonchain, CZ burned 4,444 tokens from each third-party project from his BNB chain address, and speculators immediately interpreted this as a secret on-chain signal. The market value of these nearly dead tokens soared from $40,000 to $30 million, with a price increase of over 30,000%. CZ stated that he was merely testing the Trust Wallet application and trying to remove the junk tokens that were hindering him from accessing his BNB balance, but his attempt resulted in the “Streisand Effect.” To end the manipulation surrounding his name, CZ decided to completely empty the wallet, and all legitimate BNB holdings and related tokens will be donated to his educational charity project Giggle Academy.