Changpeng Zhao said on August 16 that he will transfer all BNB and BinanceLife tokens from one of his public wallets to Giggle Academy, the free education nonprofit he launched in late 2024, and then stop using the address, effectively turning it into a burn address (a wallet no longer used). The move would channel a holding linked to a roughly $480 million to $500 million BEP-20 memecoin (a token standard on BNB Chain) into a nonprofit that says it has served more than one million students, while also removing a wallet that had drawn unsolicited meme-coin airdrops (token giveaways) and recurring on-chain speculation. Giggle Academy says it typically converts donated tokens to BNB at month-end to fund operations through a publicly listed donation address, though traders may watch those conversions for potential sell pressure.