Binance News: CZ to Inject $1M BNB into Meme Coin Liquidity Program

On February 22, Binance’s former CEO changpeng zhao changpeng zhao Changpeng Zhao, populalrly known as CZ, is a Chinese-Canadian businessman. He founded Binance, the biggest cryptocurrency exchange in the world based on trading volume. CZ came across Bitcoin (BTC) in 2013 from a friend. Full Name Changpeng Zhao Birth  1977 in Lianyungang, Jiangsu, China Nationality Chinese-Canadian, UAE Education BSc. from McGill University Marital Status Married to Yang Weiqing Famous For Binance, Advocate for decentralized finance, blockchain tech. Net Worth $59.4B (refer for realtime) Before starting Binance in 2017, he was the Head of Development at Blockchain.info and the Chief Technology Officer (CTO) at OKCoin. Under CZ, Binance launched an ICO (Initial Coin Offering) that raised $15 million and rapidly became the largest exchange within months. To improve trading options, the firm introduced Binance Smart Chain (BSC), Binance Labs, Binance Academy, Binance Launchpad, and other blockchain-based solutions. CZ has influenced the global adoption of crypto by offering regulatory compliance, DeFi solutions, and infrastructure for digital assets. CZ’s Career Timeline Tokyo Stock Exchange (2001–2003) – Developed trading systems for financial institutions. Bloomberg Tradebook (2003–2005) – Worked as a software developer for high-frequency trading systems. Fusion Systems (2005–2013) – Co-founded this financial technology firm specializing in ultra-low-latency trading solutions. Blockchain.info (2013–2014) – Served as Head of Development, working with early Bitcoin adopters like Roger Ver and Ben Reeves. OKCoin (2014–2015) – Worked as Chief Technology Officer (CTO) at one of the largest fiat-to-crypto exchanges at the time. Binance (2017–2023) – Founded Binance and led it to become the world's largest cryptocurrency exchange before stepping down as CEO in 2023. Awards and Recognizations List of achievements Year Bloomberg 50 – Most Influential People in Finance 2021 Forbes Crypto Rich List – Billionaire Status 2022 Top 10 Most Influential People in Crypto (CoinDesk) 2022 Binance – World’s Largest Crypto Exchange by Volume 2018-23 There were regulatory issues in some countries about crypto. However, CZ continued to support decentralization, financial freedom, and innovation in the cryptocurrency industry. After reaching an agreement with U.S. regulators over compliance violations, in 2023, he resigned as CEO of Binance. Useful Links X (formerly Twiter) https://twitter.com/cz_binance? Instagram CZ_Binance (@changpengzhao)  LinkedIn Changpeng Zhao - Binance | LinkedIn EntrepreneurInvestorChief Executive Officer (CZ) shared that an address he had used to donate $100,000 had unexpectedly received over $1 million in return. Making it clear that he had no intention of keeping the funds, he asked the community for suggestions on what to do with them.

Now, he’s made his decision. In a move that has meme coin enthusiasts buzzing with excitement, CZ announced he will inject these funds into Binance’s Meme Coin Liquidity Support Program.

This could be a game-changer for meme coins on BNB Chain—but how will it work, and what does it mean for the market? Let’s dive in.

CZ’s Plan: Supporting Meme Coin Liquidity

In a new X post, CZ announced that he would use part of the funds to add a few hundred BNB in liquidity to the weekly winners of Binance’s Liquidity Pool Support Program for Meme Coins. He plans to continue doing this until all the funds are used up.

This announcement has excited the crypto community, especially meme coin supporters, who believe it could help boost promising projects.

Binance’s Meme Coin Liquidity Program: How It Works

Binance launched its Liquidity Pool Support Program for Meme Coins on February 18 to help good meme coin projects grow and gain popularity. The program holds daily and weekly competitions, where winners are chosen based on:

• Market Cap Rank
• Price Increase Rank
• Trading Volume Rank

Winners receive liquidity support from the BNB Chain Foundation, and the added liquidity remains in the ecosystem permanently. This is crucial for meme coins, as it makes buying and selling easier while helping to stabilize prices.

CZ’s move has been met with enthusiasm from traders and meme coin supporters. Many users on X have shared their excitement about its potential impact on the market.

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Weekly Winners of Binance’s Meme Liquidity Support Program

Binance has revealed the first round of winners from its $4.4 million liquidity support initiative. Here’s how the rewards were distributed:

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

This funding will help these projects strengthen their trading activity and market presence.

With CZ’s commitment to adding more liquidity to the program, the meme coin sector on BNB Chain could see increased activity and investor interest. In the coming weeks, it will be interesting to see how this impacts the broader meme coin market.