Original | Odaily Planet Daily ( @OdailyChina )
Author | Fu Howe ( @vincent 31515173 )
Yesterday, Binance founder CZ revealed on social media that he has a Belgian Malinois, which immediately sparked heated discussions in the community. Netizens turned into "detectives" and looked for clues from previous tweets and reports to guess the dog's name.
At the same time, meme coins about CZ's Dog have emerged one after another, inspiring widespread betting and blind guessing activities, and the market value has repeatedly hit new highs. Chain enthusiasts who have made heavy bets are looking forward to CZ revealing the dog's name and photo.
CZ was not ungrateful and kindly issued a notice at 9 pm Beijing time on the 13th that the dog's photo and name would be sent out within 3 hours.
As the time for the announcement approaches, the speculation becomes more intense - the market value of meme coins related to CZ's Dog continues to rise. At this time, the coin named CZ's Dog (BROWNIE) took the lead, with a market value of over 45 million US dollars, attracting a lot of speculators.
Smart money took the opportunity to profit. Onchain Lens, an on-chain monitoring platform, shows that a trader spent 0.4 BNB (about $106) to buy 25.43 million $BROWNIE and sold some tokens at 88 BNB (about $23,000). He still held 24.45 million $BROWNIE with a market value of $2.13 million, and finally achieved a return of up to 8,460 times.
Finally, CZ announced the dog’s name in a tweet – Broccoli. The bubble of speculation that was originally full of suspense burst, and most of the previous guesses were reduced to zero.
CZ explained that the dog's name was chosen after a word that begins with "B", and Broccoli was chosen because its pronunciation is similar to "Blockchain", symbolizing the deep connection with cryptocurrency.
Although this has sparked a lot of discussion in the community, CZ also said that he has not issued any meme coins, and whether to issue them will be decided by the community. But he said that he might interact with some popular meme coins on the BNB Chain, and the BNB Foundation might reward popular memes on the BNB chain, including LP support or other rewards, and the specific details are still under discussion.
While announcing the dog's name, CZ did not provide Broccoli's contract address (CA), which once again sparked controversy. Many community members or KOLs left messages under CZ's tweet, asking him to disclose the contract address. CZ asked in return, isn't meme community-driven?
Regarding this, Andre Cronje, founder of Sonic Labs, had reminded CZ when he released the preview: “If CZ wants to do this, he must publish the correct contract address to prevent scammers from publishing dozens or even hundreds of fraudulent contracts on the market, causing confusion in the community.”
Although the dispute over the contract address continues, some speculators have taken advantage of this turmoil to make quick profits. On-chain data analyst Yu Jin monitored that the creator of the Broccoli token (there are countless tokens with the same name, the contract address of this coin: 0x6d5...714 ) on BNB Chain quickly created the token through the four.meme platform after CZ’s tweet was released, and immediately invested 1 BNB (about US$707) to purchase 115.4 million Broccoli tokens.
As CZ's tweet triggered an influx of funds, Broccoli's market value soared to $400 million in just 24 minutes. In the end, the creator quickly sold 115 million Broccoli to FOMO retail investors through 12 transactions, earning 9,819 BNB (about $6.72 million) and converted these BNB into ETH, USDT and USDC.
But after the issuer sold the tokens, the price of the currency plummeted by 90% within half an hour, becoming a typical epitome of countless Broccoli in the early morning.
In addition, the BNB chain project Bounce Brand changed the name of the token online, changing the original MAL token to Broccoli, which also opened the eyes of netizens.
Currently, Binance Web3 Wallet has a separate column for CZ's Dog, which is full of tokens with the same name. Currently, there are 4 outstanding ones, with the highest market value of 1.99 billion US dollars. Its 24-hour increase looks very attractive.
The controversy over the name of CZ's Dog has ended, and the battle of names is now underway. Who will become the official name will be decided by the community and CZ. However, the biggest winner has already been decided, and the Meme coin issuers are already the winners.
Background
Meme novice CZ takes online tutoring, enthusiastic netizens pay a lot of money to dig up the "dog"
