ZachXBT sells copycat meme coins and donates $41K to charity

Blockchain investigator ZachXBT said several meme coins used his likeness across multiple chains during the past week. 

He said he did not promote, support, or launch any of the tokens. The investigator posted the update on his Telegram channel after traders created ZACHXBT-themed tokens tied to his public name. 

“I have always stated I will never support or launch a meme coin,” he wrote.

ZachXBT said all tokens sent to his donation wallet were sold on the market. He then sent the full amount, worth about $41,000, to charity through The Giving Block.

The funds went to Direct Relief and GiveDirectly to support the Venezuela earthquake response. He shared transaction receipts for donations made in USDT and SOL between June 28 and July 6.

Donations sent to Direct Relief and GiveDirectly

ZachXBT said he sent 25,000 USDT to GiveDirectly on July 6 at 4:16 a.m. UTC. He also sent 5,000 USDT to Direct Relief later the same morning at 4:51 a.m. UTC.

A third donation included 153 SOL, worth about $11,000, sent to Direct Relief on June 28. Together, the receipts bring the total donation amount to about $41,000.

The move follows earlier debate around ZachXBT-linked tokens. As crypto.news reported in 2025, a ZACH token launched on Flaunch.gg claimed to direct most trading fees to the investigator.

That report also noted that another Solana-based ZACHXBT meme coin had caused controversy after developers sent ZachXBT part of the token supply. He denied creating or promoting that token.

Meme coin creators use public names

The latest case shows how meme coin creators often use public names, online narratives, and familiar branding to draw traders. These tokens can launch quickly across several chains with little notice.

ZachXBT’s public role in tracking scams makes the use of his likeness more sensitive. Traders may wrongly assume that a token tied to his name has his approval, even when he says it does not.

Crypto.news has covered ZachXBT’s work across several investigations. In March, he said a crypto scam network used war fear on X to drive users toward fake giveaways and pump-and-dump tokens.

Moreover, Hyperliquid donated 10,000 HYPE to ZachXBT earlier this year after his work on a major crypto theft case. The donation was separate from the latest meme coin sales.

Crypto donations remain part of wider trend

The charity transfer also fits a wider pattern of crypto-based giving. The Giving Block data showed more than $1 billion in crypto donations went to charities in 2024.

In ZachXBT’s case, the donations came from assets he said he did not ask to receive. His action turned unwanted token allocations into relief funding while keeping distance from the meme coins.

The event also gives traders a clear warning. A token that uses a public figure’s name does not mean that person supports it. Users still need to check official posts, contract details, liquidity, and token ownership before trading.