CZ to Enhance BNB Chain Liquidity and Mentor Entrepreneurs Amid Market Volatility

Changpeng Zhao, former CEO of Binance, is shifting focus to mentoring entrepreneurs and enhancing the BNB Chain’s liquidity through a new program. He plans to add hundreds of BNB to liquidity pools of program winners, as part of the BNB Chain Meme Liquidity Support Program. This initiative comes against a backdrop of market volatility, where Zhao also advises investors under stress to reduce their exposure. He warns against opportunistic behavior by stating any token sent to his address will either be left untouched or burned, discouraging speculative actions. Despite serving a prison sentence limiting his market activities, Zhao remains influential in the industry. His announcements could sway market sentiment, notably around Binance Coin, in which he holds major investments.