Unknown developers continue to use the name of on-chain investigator ZachXBT to promote their own memecoins. The creators of these tokens regularly launch memecoins using his name or image and then send part of the supply to his public wallet in an attempt to create the impression that ZachXBT is affiliated with the project.
ZachXBT has consistently distanced himself from these memecoins. Instead of holding or promoting the tokens he receives, he sells them and donates all the proceeds to charity.
The latest example came when he donated about $30,000 to help people affected by the earthquakes in Venezuela. The funds were donated through The Giving Block to two charitable organizations.
Most of the funds, $25,000, went to GiveDirectly, which provides direct financial assistance to affected families. ZachXBT later made an additional $5,000 donation to Direct Relief, an organization that delivers medicines and humanitarian aid to areas hit by natural disasters.
This was not the first donation of its kind. Earlier, ZachXBT had already donated about $11,000 to the same cause using proceeds from the sale of memecoins created without his involvement. His total charitable donations have now reached approximately $41,000.
With these donations, ZachXBT once again reaffirmed his long-standing position: he has no connection to memecoins that use his name and views any tokens sent to his wallet solely as a source of funds for charity.
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