Changpeng Zhao (CZ), the founder and former CEO of Binance, revealed his dog’s name—Broccoli—in an X post, igniting a wave of community-created meme coins. Despite CZ repeatedly clarifying that he is not launching a token, traders rushed to create Broccoli-themed coins across multiple networks.
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Meme coin surge and crash:
Hundreds of Broccoli-themed tokens flooded the market:
- Over 480 Broccoli-themed tokens emerged on Solana’s Pump.fun.
- More than 300 tokens launched on BNB Smart Chain’s Four.Meme.
Still, after the rapid price surge is the collapse:
- One Solana-based Broccoli token hit a $1.5 billion market cap before crashing.
- Another meme coin, CZDOG, skyrocketed to $8 billion before a whale dumped $6 million worth of tokens, triggering a sharp selloff.
BNB Chain’s PancakeSwap recorded $3 billion in trading volume, surpassing Uniswap and other leading decentralized exchanges (DEXs).
CZ’s response:
- “I am just posting my dog’s picture and name. I am NOT issuing a meme coin myself,” CZ stated.
- He suggested that the community decide which Broccoli-themed token prevails, adding, “Let the best meme coin in the community win.”
- The BNB Foundation may reward top-performing memes with LP support or other incentives, though details are still being discussed.
At the moment: No official “CZ Pet Dog coin” exists—current tokens are speculative and prone to extreme volatility.
This article is published on BitPinas: Quick Take: CZ’s Dog Broccoli Sparks Meme Coin Frenzy, But Scams Loom
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