CZ responds to burning of meme coins at donation address: No overinterpretation needed, it was just wallet cleanup.
2026.07.13 15:11:45
CZ responded on X regarding last night’s incident where a donation address burned some CZ and TCC tokens. He stated: “It’s not that deep. I haven’t checked that wallet in a long time. Opened it and found there were too many tokens (tens of thousands), and the software’s display was a bit unfriendly. I gave some suggestions, then did a test. Rather than sending to my address, it’s better to directly send them to a black hole.” Last night, CZ’s donation address transferred 700 million CZ tokens and 400 million TCC tokens to a black hole. Affected by the news, both CZ and TCC saw varying degrees of price surges.
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