Binance founder CZ has unexpectedly influenced the memecoin market after revealing his dog’s name, Broccoli.
This simple announcement triggered a surge of Broccoli-themed memecoins, rapidly launching on platforms like Solana and BSC as traders rushed to capitalize on the hype.
One anonymous investor, recognizing the opportunity, quickly acquired nearly all Broccoli-related tokens, making a bold speculative move.
According to blockchain analytics platform Lookonchain, this strategic purchase and subsequent distribution across multiple wallets led to a staggering $27.8 million profit. The trader later converted all holdings into USDT, locking in substantial gains from the frenzy.
This event highlights the unpredictable nature of memecoins, where viral moments can fuel market movements. In the crypto world, such investors are often referred to as “snipers”—traders who exploit rapid trends to make quick profits.
The Broccoli token’s meteoric rise and the massive windfall it generated underscore how speculative and fast-moving the digital asset space can be.
Pepe (PEPE) has surged by 6.5% in the past 24 hours as trading volumes have increased by 60%. This meme coin has been one of the top-performing assets of its category in the past month with gains of 56.4%. Pepe is a favorite among traders based on the open interest of futures contracts linked to […]
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