Changpeng Zhao Boosts Memecoin Projects with New Liquidity Support Program – BitRss

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 ($595.15) 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 si…