Key Takeaways:
- An unsolicited meme coin called ZachXBT was sold for $30,000 to help victims of the recent earthquake struck in Venezuela.
- The money was donated to GiveDirectly via Direct Relief and crypto donation platform, The Giving Block.
- Despite being handed a token through the air drop, ZachXBT reiterated that he does not support nor promote meme tokens.
An unwanted meme crypto has become a special crypto for humanity, with crypto investigator ZachXBT donating $30,000 to help victims of the recent earthquake struck in Venezuela.
Sorry I do not support or promote meme coins.
I have just donated $25K (entire amount I sold) to @GiveDirectly via @TheGivingBlock to support charity efforts for the recent Venezuela earthquakes.
0x687556d7011b0750f3daf9e3a9f800d04ba233c84362faf8c3851b40cd0f71ae pic.twitter.com/BKDiXgIKHD
— ZachXBT (@zachxbt) July 6, 2026
The donation has followed another meme coin using his name to be airdropped into his wallet without his knowledge. In contrast, ZachXBT has sold the assets and redistributed the proceeds to charity groups working on disaster relief.
Unsolicited Meme Coin Becomes a Charity Contribution
The incident originated from when a third party allocated a part of their meme coin’s supply to his public wallet under the name ZachXBT. Such tokens are often created to attract attention by associating themselves with well-known figures in the crypto industry.
ZachXBT has immediately removed himself from the project, stating severe lack of association with the token and providing no endorsement. He released an official statement saying that the tokens were sold slowly due to a lack of liquidity. All proceeds from selling the position went to efforts to relieve the earthquake.
Read More: ZachXBT Exposes $390M Axiom Exchange Insider Trading Scandal in NYC
Funds Sent to Two Relief Organizations
The initial donation was $25,000 distributed via The Giving Block to GiveDirectly. The donation was made to the communities impacted by the recent earthquakes in Venezuela.
Additional $5,000 Donation Follows
Immediately after, ZachXBT shared an additional $5000 donation via The Giving Block to Direct Relief for the same humanitarian drive.
They combined for the entire contribution of $30,000.
For both donations, the transaction was publicly shared, leaving on-chain records to verify the funds transfer. Blockchain payments were transparent, which allowed the community to see the funds’ journey from wallet to charity as it happened.
Read More: SEC Chair Flags $60B Venezuelan Bitcoin Rumor as Unclear While Pushing U.S. Crypto Law Overhaul
Crypto Transparency on Display
Another of the most practical use-cases of blockchain is transparent charitable giving, the episode emphasizes. Contrary to traditional donation routes, crypto-giving can be public, giving more visibility on money transfers.
The Giving Block has emerged as an important catalyst between the crypto industry and nonprofit groups, allowing users to donate cryptocurrencies and positively supporting worthy causes. The platform has facilitated crypto funds to a million dollars’ worth of donations for various programs, including disaster relief, healthcare, education, and humanitarian efforts.
ZachXBT’s action was also on the consistent note of his long-held belief regarding meme coins. Over the years, he has constantly alerted people to unsold speculators launching fake tokens under the name of public people.
Instead of benefiting himself by creating a token in his name, he dedicated the proceeds towards a humanitarian cause. The shift allowed for an unsolicited meme coin airdrop to be genuine financial support for communities impacted during a natural disaster and further highlighted how blockchain can be used to ensure philanthropy is transparent.
