Changpeng Zhao Triggers $30M Memecoin Surge, but the Ending Stuns Traders

TLDR

• CZ’s burn of 4,444 Marscoin tokens triggered a speculative rush that pushed one clone’s market value from about $40,000 to $30 million.
• One wallet turned a 16 BNB entry into a 29x return after recovering its initial stake and selling the remaining tokens for 465 BNB.
• Another trader entered late with 133,000 USDT and lost roughly $110,700 after Marscoin crashed more than 90%.
• CZ said the burns were routine wallet cleanup, not trading signals, after spam tokens crowded his public BNB Chain address.
• Zhao later moved legitimate assets to Giggle Academy and abandoned the wallet, effectively turning it into a permanent burn address.

A routine wallet cleanup by Binance founder Changpeng Zhao triggered a memecoin rally on BNB Chain before prices collapsed. The phrase Changpeng Zhao stock does not describe the asset involved, because the activity centered on third-party tokens rather than a listed CZ-related stock.

Onchain data shared by Lookonchain showed that traders reacted within seconds after Zhao burned 4,444 Marscoin tokens from his address. One unofficial Marscoin clone jumped from a market value near $40,000 to about $30 million before falling back toward $5.26 million.

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