Binance Founder Zhao Backs All Memecoins, Plans Testing and Trading
Binance Founder Changpeng Zhao has expressed support for all memecoins, stating that he may engage in buying or selling some of them over the coming weeks for testing purposes.
In a series of posts on social media platform X, Zhao emphasized his support for memecoins and clarified his position regarding donations to Giggle Academy, an education initiative he leads. He stated that while he has not discussed the disposal of donated memecoins with Giggle Academy, most donated tokens have been converted into BNB or sold to fund the free education project.
Zhao's endorsement of memecoins could influence market sentiment and trading activity, potentially encouraging both retail and institutional investors to reconsider their views on these assets. His clarification regarding Giggle Academy's donation policy underscores a practical approach to managing volatile assets for charitable purposes.