In a surprising twist that has captured the attention of the crypto community, the name of Changpeng Zhao’s (CZ) dog has become the inspiration for a new meme coin frenzy.
Listen to the summary of the news:
CZ, the founder and former CEO of Binance, revealed his dog’s name in a post on the social media platform X on February 13th, sparking a wave of meme coins bearing the same name.
The Latest Meme Coin to Rise Thanks to Changpeng Zhao
According to CoinTelegraph, the revelation led to the creation of numerous meme coins named after CZ’s Belgian dog. On platforms like Pump.fun, at least 480 coins with a “Broccoli” theme and 300 coins with a “CZ dog” theme have been launched.
Some of these coins have already garnered significant attention from traders. For instance, a Broccoli-themed meme coin on the Solana blockchain reached a market cap of $1.5 billion on February 13th.
Despite the frenzy, CZ has emphasized that he has no intention of launching his own meme coin. He stated that it is up to the community to decide whether or not to pursue such projects.
In other crypto news, DeFiLlama reported that PancakeSwap, a decentralized exchange (DEX), recorded a trading volume of $3 billion in the past 24 hours. This growth in volume allowed PancakeSwap to surpass Uniswap, Raydium, Meteora, and Orca, claiming the top spot among its competitors.
The meme coin trend has been gaining momentum over the past month, particularly following the launch of meme coins inspired by Donald and Melania Trump. While some have criticized this trend and the proliferation of Trump-themed scam tokens, others revel in the volatility and excitement they bring.
Binance’s blockchain, BNB Chain, has announced that it will continue to support the meme coin ecosystem in 2025. The team expressed their delight at being integrated with the BNB Chain network. The increased demand for these meme coins appears to have contributed to the rise in BNB’s price on February 13th, reaching $724.70.
Interestingly, the BNB Chain team created a test meme coin as part of a training exercise on the Four.Meme platform. Although the token’s name was censored in the training videos, the test name was visible. Traders quickly caught on to the rumors, and the token’s market cap soared to millions of dollars in no time.
While the growth in meme coins is exciting, it is important to note that they carry significant risks, and some of them are outright scams. Therefore, users are advised to exercise caution when dealing with these digital assets.
In summary, the Broccoli meme coin is the latest example of how a simple social media post can ignite a frenzy in the crypto world. As meme coins continue to capture the imagination of investors and enthusiasts, the market remains as unpredictable and dynamic as ever.
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