Changpeng Zhao, former CEO of Binance, transferred $965,000 in BNB and BinanceLife tokens to Giggle Academy, his free education project, before permanently abandoning the associated wallet. The address had become one of the most watched on BNB Chain, attracting traders who anticipated his token burns to generate six-figure profits. Facing memecoin spam that rendered the address unusable, CZ chose to shut down the wallet rather than migrating to a new address. The last activity on the old wallet was the transfer to Giggle Academy, closing a lucrative corner of BNB Chain trading.
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