CZ's Dog 'Broccoli' Becomes Crypto Sensation as Memecoin Frenzy Grips BNB Chain

The cryptocurrency world is no stranger to unexpected trends, and Binance founder Changpeng “CZ” Zhao has ignited yet another memecoin craze.

Binance founder Changpeng “CZ” Zhao continues to ignite cryptocurrency trends, and this time, his pet dog has sparked a wave of memecoins. After teasing X.com users about his dog's name, which many assumed was a Shiba Inu, CZ finally revealed that his Belgian Malinois is named Broccoli.

As promised, at 8 p.m. Dubai time, CZ shared a photo of Broccoli, and traders and developers wasted no time in launching several memecoins under the ticker “BROCCOLI.” Despite CZ's clarification that he is not personally issuing any memecoins, he hinted at engaging with some of the more popular ones on BNB Chain (BSC).

Meanwhile, another recent buzzword in the BNB Chain community, Test (TST), has seen an incredible surge in speculative trading. Initially introduced by the BNB Chain team as a BEP-20 token for a tutorial on Four.meme, CZ's mention of TST on X propelled the token into the spotlight.

Before its Binance listing, TST traded at around $0.01. However, following CZ's X post and a community meme about the token being a 'test' before the 'real' tokens, demand for TST skyrocketed on decentralized exchanges (DEXs).

TST price surged over 2,000% before experiencing a correction, now trading at a support level of about $0.15. Notably, TST is a BEP-20 token used in a tutorial on Four.meme, an educational platform by BNB Chain. It serves as an example token for 'How to Create a BEP-20 Token in 5 Minutes.'

PancakeSwap Surges Past Uniswap Amid Memecoin Boom

As memecoins continue to dominate trading activity, PancakeSwap has officially overtaken Uniswap in daily and weekly trading volume, according to data from DeFiLlama. Over the past 24 hours, PancakeSwap recorded trading volume of over $3 billion, ranking first among DEXs.

PancakeSwap 24h Volume Surges Past Uniswap DeFiLlama

DeFiLlama also reports that PancakeSwap has processed over $21 billion in trading volume throughout the past week, making it the go-to DEX for traders looking to capitalize on the memecoin boom.

This surge in activity on PancakeSwap has coincided with a 9% jump in BNB's price within 24 hours and an impressive 21.5% rally over the past week. Notably, PancakeSwap's native token, CAKE, has also surged by 40% in a single day and more than 100% in the past week.

BNB Chain May Be Primed for a Memecoin Season

Crypto analyst Harrison Seletsky, who serves as the director of business development at SPACE ID, shared his thoughts on the recent TST hype and the excitement building around CZ's dog Broccoli, which could be ushering in a new memecoin season on BNB Chain.

“This just shows the nature of the cryptocurrency market, where something seemingly insignificant can blow up and become incredibly popular when it follows natural narratives and has organic interest,” Seletsky stated.

He added that memecoin speculation could drive additional liquidity and new users to BNB Chain, reinforcing its position as a leading blockchain ecosystem. If current trends persist, BNB Chain may see a massive influx of traders and developers.

With the rapid rise of Broccoli-themed coins and the continued speculation around memecoins, the crypto market remains as unpredictable as ever. As CZ aptly put it: “There is never a dull day in crypto.”