Binance founder Changpeng Zhao said he is giving up a public BNB Chain wallet after a routine effort to remove spam tokens set off a speculative frenzy in an unofficial meme coin clone. Lookonchain said Zhao burned 4,444 tokens from each of two third-party projects from the address, a move traders treated as an on-chain signal despite one of the assets being an unofficial copy. The near-dormant coin's market capitalization jumped from $40,000 to $30 million and its price rose by more than 30,000%, while the legitimate version traded on Binance Alpha stayed stable. Zhao later said he was only testing Trust Wallet and trying to clear junk tokens that made it hard to find his BNB balance. He warned against "over-interpreting" the transactions and said repeated burns only encouraged more meme coin deposits, creating a Streisand effect (more attention caused by trying to suppress something). To end the use of his name in token promotion, he said the wallet will be emptied, with legitimate BNB holdings and related tokens donated to Giggle Academy, after which the address will no longer be used and will effectively function as a burn address (wallet with inaccessible funds). After the announcement, the clone token reversed sharply and its market capitalization fell to $5.26 million.