Changpeng Zhao, the founder of Binance, completed a previously announced donation by transferring roughly $965,000 in digital assets to Giggle Academy, the free online education platform he established. On-chain analytics firm Arkham and trackers such as Onchain Lens and The Data Nerd confirmed the move involved 1,440 BNB worth approximately $872,000 and 182,620 BinanceLife tokens valued at about $93,000.
The transfers, recorded on Aug. 16, followed Zhao’s statement a day earlier that he intended to donate remaining tokens from a wallet previously used for Trust Wallet testing. Zhao said unsolicited meme coins sent to the closely watched public address made it difficult to locate his BNB holdings, and his earlier attempts to burn unwanted tokens generated additional market speculation. After moving the main assets, he said he would stop using the address, calling it effectively a burn address. However, reports clarified that the wallet is not a cryptographically unspendable address, because its private key has not been publicly destroyed, and anyone can still send tokens to it.
Giggle Academy, launched in 2024, focuses on accessible, gamified education for children, especially literacy and numeracy. The project accepts public donations, and crypto.news previously reported it accumulated about $11 million in BNB donations within weeks of opening a public donation channel in 2025. BinanceLife is a BNB Chain meme coin, and Zhao said the transferred holdings had been purchased using BNB. The latest transfer highlights how blockchain transparency can support charitable giving, while also reducing the circulating supply of donated tokens.
