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.
The Cboe BZX Exchange has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for a new exchange-traded fund (ETF) that would track Injective’s native token (INJ).
Bernstein has flagged growing risks in Ethereum’s corporate adoption trend, cautioning that the rise of “ETH treasuries” could reshape the network’s supply and risk dynamics.
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.
Trading volumes for BNB Coin (BNB) have doubled in the past 24 hours to $3.8 billion as the price rises by 7%. This favors a bullish BNB Coin price prediction at a point when the token just made a new all-time high. BNB is the second crypto in the top 5 to make a new […]