Changpeng Zhao (CZ), the billionaire Binance founder who spent nearly 4 months in jail, has revealed the title of his canine “Broccoli,” inflicting chaos amongst memecoin merchants and spawning a whole lot of token launches.
CZ teased launching a memecoin on X yesterday by asking his 9.7 million followers methods to launch a token primarily based on his canine. The publish sparked an on the spot avalanche of dog-themed memecoins and merchants seeking to revenue from any tokens that will show fashionable.
Immediately, CZ revealed that his canine, a Belgian Malinois, known as Broccoli. He mentioned, “I wanted a name that starts with B and has some green in it, so I named him Broccoli. It also has a blocky sound, as in blockiichain.”
The publish prompted 4 Meme, Binance’s memecoin launcher, to briefly crash. Now the positioning is inundated with memecoin’s primarily based on the canine.
Canine-themed cash primarily based on Broccoli flooded Pump Enjoyable (Left) and 4 Meme (Proper). 4 Meme screenshot shared by Kevin Lee.
Pump Enjoyable can be flooded with memecoins primarily based on Broccoli. The Justin Solar-backed memecoin platform, Solar Pump, nevertheless, has simply three tokens listed primarily based on CZ’s canine on the time of writing.
When unveiling Broccoli, CZ mentioned that he might “interact” with the favored Broccoli memecoins, however harassed, “I am just posting my dog’s picture and name. I am NOT issuing a memecoin myself. It’s up to the community to do that (or not).”
In consequence, a whole lot of memecoins at the moment are combating for dominance in hopes of turning into the closest factor to an “official” Broccoli token. Some merchants have managed to make income of over $500,000 launching their very own tokens after CZ’s reveal.