Binance Founder CZ Changes Stance on Meme Coins After $1M Donation

Binance founder Changpeng Zhao (CZ) has changed his stance on meme coins, acknowledging their utility after Giggle Academy received $1 million in donations, 90% of which came from a meme coin.
CZ was initially skeptical, critiquing meme coins as lacking utility last year, but recent events have altered his view.
The meme coin in question generated $900,000 in fees from a $5 million market cap, surprising CZ and shifting his perception.
Despite the change in perspective, CZ declined to hold any meme coins personally to avoid conflicts of interest.
Donations to Giggle Academy will be managed transparently, fully on-chain with no fiat accepted, and converted into major altcoins for operational use.
BNB's price reached a new all-time high of $1,088 amid increased buying activity, despite general selling pressure on other altcoins. Currently, BNB stands at $1,026.