CZ Boosts Meme Coin Liquidity Pool with $1M BNB Donation

Binance's former CEO, Changpeng Zhao, has sparked excitement in the cryptocurrency community with his recent donation and support for the Binance Liquidity Pool Support Program for Meme Coins. Zhao, also known as CZ, donated $100,000 to a specific address, which later received over $1 million in return. In a recent X post, CZ announced that he would add a few hundred BNB in liquidity from this controversial address to the weekly winners of the program until the funds are depleted.

The Binance Liquidity Pool Support Program for Meme Coins was launched on February 18, aiming to help promising meme coin projects grow and gain popularity. The program organizes daily and weekly competitions, with winners determined based on Market Cap Rank, Price Increase Rank, and Trading Volume Rank. Winners receive liquidity support from the BNB Chain Foundation, which is permanently added to their projects.

On February 21, Binance announced the winners of Round 1 of the Meme Coin $4.4 M Liquidity Support Program. Broccoli (f3b) emerged as the top winner, securing up to $500,000 in liquidity support. KOMA and SIREN followed in the TIER 2 position, each receiving $400,000. BANANA, PERRY, and TST secured the TIER 3 position, with each project receiving $300,000. Four projects, including Broccoli (714), Broccoli (f2b), and TUT, won the TIER 4 position and were awarded $200,000 each.

CZ's decision to support the program with his personal BNB has been met with enthusiasm from the crypto community. Meme coin enthusiasts believe that this direct support and increased funding will have a significant impact on the meme coin ecosystem on the BNB Chain. As the program continues, it will be interesting to see how these projects develop and contribute to the growth of the meme coin sector.