The crypto world has witnessed some bizarre trends, but the latest wave of Broccoli meme coins has taken things to a new level. It all started when Changpeng Zhao (CZ), the former Binance CEO, revealed the name of his pet dog—Broccoli. This seemingly harmless revelation triggered a chain reaction, launching 20,000 dog-themed meme coins overnight.
The Unexpected Boom of Broccoli-Themed Crypto
While most people hearing the word “Broccoli” would think of the green vegetable, the crypto community reacted differently. The revelation of CZ’s pet dog’s name led to an explosion of meme coins inspired by Broccoli, showcasing just how hype-driven the crypto market can be.
Among the thousands of new tokens, one Broccoli meme coin skyrocketed to a staggering $14 billion market cap in just 24 hours. However, just as quickly as it surged, the token experienced a dramatic crash, proving the volatility of meme coins.
CZ Clears the Air on Broccoli Meme Coins
With the rapid rise of Broccoli-themed tokens, speculation arose regarding CZ’s involvement. However, CZ quickly clarified that he had no connection to any of the 20,000 meme coins that had flooded the market. This announcement disappointed many investors who had hoped for CZ’s backing.
Despite this, a savvy crypto trader turned an impressive profit of nearly $280 million by strategically investing in these Broccoli meme coins. A recent Lookonchain post on February 14 showed that one sniper trader made $27.8 million in profits after buying into the hype surrounding CZ’s dog-themed tokens.
Broccoli Meme Coins Dominate Crypto Launch Platforms
The Broccoli meme coin phenomenon has taken over popular launch platforms, particularly on Solana’s Pump.fun and BNB Smart Chain’s Four.Meme. As of now, there are at least 480 Broccoli-themed coins on Pump.fun, while Four.Meme has recorded over 300 CZ-dog-inspired tokens.
Interestingly, CZ once referred to meme coins as “weird” in a past interview, but his recent activity suggests a shift in perspective. His response to the growing meme coin craze has again placed him at the centre of crypto discussions.
Broccoli Meme Coins: A Look at the Current Market
Two notable Broccoli meme coins have emerged among the thousands, generating buzz within the market.
Broccoli (Bounce Finance)
One of the meme coins created from this hype, Broccoli (Bounce Finance), is currently not listed. As of an hour ago, its live price stood at $0.027466 per BROCCOLI/USD, with a 24-hour trading volume of $178.65 million. The token has seen a 62.76% dip in the last 24 hours, with a market cap of $5.6m (Not verified) and no circulating supply.
Broccoli (FirstBroccoli)
Another Broccoli-inspired meme coin, FirstBroccoli, is unlisted but has gained traction. Its live price is currently at $0.006356 per BROCCOLI/USD, with a market cap of $6.36 million and a 24-hour trading volume of $95.42 million. Unlike Bounce Finance’s token, FirstBroccoli has seen a 67.91% surge in value within the last 24 hours, with a circulating supply of 1 billion tokens.
Read more: Shiba Inu Sees 2,000% Burn Rate Surge: Will it Break Resistance?
CZ’s Response Fuels Further Speculation
As expected, CZ’s involvement in the meme coin discussion did not end with a clarification. In a recent post on X (formerly Twitter), CZ addressed the meme coin craze by stating:
“Is CZ against meme coins? No.”
This simple tweet reignited speculation in the market, leading to yet another hype-fueled trading frenzy. A notable example was TST Coin, which transformed from a test token to a Binance-listed asset, demonstrating how meme coins can unexpectedly gain legitimacy.
Final Thoughts: The Broccoli Meme Coin Frenzy Continues
The Broccoli meme coin phenomenon is yet another example of how unpredictable the crypto industry can be. While some traders have made significant gains from these speculative assets, others have faced major losses due to extreme volatility.
As the market evolves, meme coins will likely remain powerful, driven by social media trends and influential figures like CZ. However, as with all crypto investments, it is crucial to stay informed, analyze risks, and never invest more than one can afford to lose.
