CZs Dog Broccoli Sparks Meme Coin Surge and Crash
- CZs dog name reveal sparked a rise of Broccoli themed meme coins on meme coin trading platforms.
- A Broccoli inspired memecoin on Solana hit a market cap of $1.5 billion
- CZ clarified that he isnt issuing a memecoin and the creation of any memecoin is dependent on his community
CZ revealed his dogs name in an X post, sparking a wave of meme coins inspired by the name. The token quickly gained traction, surging in value as traders jumped on the trend.
Changpeng Zhao CZ, former Binance chief, casually replied to a post on X that he had a Belgian Malinois and not a Shiba Inu and from there different comments urged him to release the name of the pet.
CZ reacted to the hype, wondering how meme tokens work and if theres any authentic one that holds any significance.
His comment prompted speculators to predict the pets name, leading to a wave of creations such as CLEO, LOU, and PERRY. These assets launched on BNB Chain, soaring to valuations in the millions before CZ finally released his pets name.
$BROCCOLI Token Surges and Falls Following CZs Name Reveal
On Thursday 13th February, CZ shared the story of his dog. He added that he wanted to give the dog a name that started with B and had some green in it. This announcement caused a spark in the market and within minutes, a flood of $BROCCOLI themed memecoins filled the market.
This includes Solanas Pump.fun, which has over 480 Broccoli-inspired tokens, BNB Smart Chains Four.Meme, with about 300 CZ-dog-themed tokens as of now. Some have gained popularity, with a Solana Broccoli memecoin hitting a $1.5 billion market cap on February 13.
Despite CZs coming out to clarify that he had no involvement in any coin launch, and he believes Its up to the community to do that, there has continued to be buzz in the market, which just goes ahead to show the unpredictable nature of crypto speculation.
Alhough CZ maintains a neutral stance on the subject, he mentioned the possibility of engaging with the top meme tokens on Binances BNB Chain (BSC). He also added that the BNB foundation may provide rewards for the top memes on the BNB Chain, giving LP support or other forms of rewards.
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Read more: https://www.tronweekly.com/czs-dog-broccoli-sparks-surge-and-crash/
Text source: TronWeekly
