CZ Donation Address Burns Portion of CZ and TCC Tokens, Related Tokens See Temporary Surge

BlockBeats News, July 12, according to GMGN, the CZ donation address sent 700 million CZ and 400 million TCC to a black hole 5 minutes ago. Following the above news, CZ experienced a short-term surge of over 220%, with a market value currently at $30.48 million, while TCC saw a short-term increase of 82.51%, with a market value now at $7.55 million.

Prior to this news, CZ posted on social media, saying, "I neither hold nor am aware of the new Meme coins CZ, TCC, AB issued on the BNB Chain. I only engage with active and vibrant users in the community. May the best Meme coin shine."

The timing of CZ's donation address destroying recent popular meme coins is intriguing. In the past week, the Robinhood Chain has risen strongly, with on-chain activity (DEX transaction volume) now ranking second highest in the crypto industry.