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Changpeng Zhao, the founder of Binance, revealed his dog’s name in an X post, sparking a wave of memecoins named after the canine.
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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.
“Broccoli” memecoins have quickly taken up residence on popular memecoin launching platforms, including Solana’s Pump.fun, where there are at least 480 Broccoli-themed coins, and BNB Smart Chain’s Four.Meme, with at least 300 CZ-dog-themed coins at the time of writing. Some have gained traction, with one Solana Broccoli memecoin reaching a $1.5 billion market capitalization on Feb. 13.
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).”
Source: Changpeng Zhao
Related: BNB Chain memecoin platform Four.Meme hit by $183K exploit
PancakeSwap, a decentralized exchange (DEX) that launched on BSC in September 2020, has 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
Related: How to trade memecoins in 2025
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.” Along with other reasons, the interest in memecoins may be a reason why the BNB (BNB) token jumped to $724.70 earlier on Feb. 13.
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 capitalization 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.
Magazine: 5 real use cases for useless memecoins
This article first appeared at Cointelegraph.com News
