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Cryptocurrency News Articles

CZ's Dog "Broccoli" Inspires a Wave of Memecoins on Solana and BNB Smart Chain

Feb 14, 2025 at 06:01 am

Changpeng “CZ” Zhao, founder and former CEO of Binance, revealed his dog’s name in an X post on Feb. 13, sparking a wave of memecoins named after the Belgian Malinois canine.

CZ's Dog "Broccoli" Inspires a Wave of Memecoins on Solana and BNB Smart Chain

Binance founder reveals his dog’s name — sparking a wave of memecoins named Broccoli

After revealing his dog’s name in an earlier post on Monday, Binance founder Changpeng “CZ” Zhao has sparked a wave of memecoins named after his Belgian Malinois canine.

“Broccoli” memecoins have quickly taken up residence on popular memecoin launching platforms. At the time of writing, there are at least 480 Broccoli-themed coins on Solana’s Pump.fun and at least 300 CZ-dog-themed coins on BNB Smart Chain’s Four.Meme.

Some of the memecoins have already gained traction, with one Solana Broccoli memecoin reaching a $1.5 billion market cap on Monday.

CZ stressed that he was not launching a memecoin of his own, adding that it’s “up to the community to do that (or not).”

PancakeSwap, a DEX that launched on BSC in September 2020, recorded $3 billion in trading volume over the past 24 hours, according to DefiLlama. The exchange has taken over the No. 1 spot among its peers, surpassing Uniswap, Raydium, Meteora and Orca.

Memecoins have been the subject of controversy over the past month since US President Donald Trump and First Lady Melania launched their memecoins in January.

While some blame the tokens for a flurry of Trump-related scamcoins that tricked investors in the aftermath of their launch, others seem to enjoy the hot-potato nature of trading them.

Top DEXs by 24-hour trading volume. Source: DefiLlama

BNB Chain noted in its 2025 roadmap that it would “continue to support the meme ecosystem,” adding, “We are happy to see many of the meme tool providers integrate with BNB Chain. And we will continue to work closely with them in 2025 and beyond.”

Among other reasons, the interest in memecoins may be a reason why the BNB total value locked (TVL) has seen a 100% increase over the past month.

The BNB Chain team actually created a test memecoin as part of a tutorial on Four.Meme. Although the name of the token was largely redacted in the tutorial, they left the testing name visible.

Traders quickly fueled speculation around the alleged token, pushing its market cap to millions of dollars within hours.

However, memecoins have their dangers: Some turn out to be scam tokens, with developers often rug-pulling through various methods. Users are advised to be cautious when trading them, as losses can happen quickly and abruptly.

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Other articles published on Feb 15, 2025