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- CZ commits to injecting personal funds into Binance’s Meme Coin Liquidity Support Program.
- Winners of the program receive liquidity to enhance trading and market stability.
- The crypto community reacts as CZ’s move sparks renewed interest in meme coins.
Binance’s former CEO, Changpeng Zhao (CZ), has announced a significant initiative to support meme coins on the BNB Chain. He revealed that he would inject several hundred BNB into the Meme Liquidity Support Program’s weekly winners until all funds received in a specific wallet were exhausted.
According to CZ, the decision comes after an address he used to donate $100,000 unexpectedly received over $1 million in return. Moreover, he clarified that he did not intend to keep the funds for himself and sought community suggestions on using them. After careful consideration, he allocated the money toward meme coin liquidity.
CZ’s Contribution to Binance’s Meme Coin Liquidity Support Program
As reported by Wu Blockchain, Binance recently established a $4.4 million Meme Liquidity Support Fund to improve the stability of meme coin projects within the BNB network. Ranking is established based on the amount of market capitalization, price appreciation, and trading volume. The added liquidity supports the stability of these tokens and attracts more investor attention.
With CZ’s additional personal contribution, meme coin supporters anticipate further growth and increased interest in the sector. His direct involvement has created excitement in the crypto community, with many seeing it as a catalyst for meme tokens to gain a more substantial market presence.
As highlighted by @ApeWorldSol in a post on X, CZ action is as energizing as pouring fuel on meme coins, signaling that memes will go mainstream; traders especially hold this view.
CZ also mentioned that while he will provide funds for the selected project, he will not be buying tokens for himself. He also informed them that any more money sent to the address they had been given would not be returned by him or ever acknowledged.
Winners of the Binance Meme Coin Liquidity Support Program
Binance announced the first winners in its $4.4 million liquidity support program. These projects have received varying amounts of liquidity assistance:
- Tier 1: Broccoli (f3b) – $500,000 liquidity support
- Tier 2: KOMA – $400,000, SIREN – $400,000
- Tier 3: BANANA – $300,000, PERRY – $300,000, TST – $300,000
- Tier 4: Broccoli (714) – $200,000, Broccoli (f2b) – $200,000, TUT – $200,000
Adding additional liquidity from CZ’s funds will strengthen these projects, improve their trading activity, and provide long-term stability.
CZ has stated that he reserves the right to change his plans regarding the distribution of funds at any time. However, his focus remains on supporting the meme coin ecosystem within the BNB Chain.
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