As expected, Zhao’s post featuring his dog Broccoli was enough to spark a new meme frenzy. Although CZ himself does not intend to launch a token, his influence on the meme market is undeniable.
Whales have moved in to purchase tokens based on Changpeng ‘CZ’ Zhao’s dog. The young Belgian Shepherd, named Broccoli, is the reason behind a series of Memecoin launches. While two tokens are in the initial phase, one token stands out from the pack.
Broccoli
Token
is the most actively traded, with its most active pair having a liquidity of $9.4 million. Like other meme tokens, a few early traders have realized the largest gains. Some earlier whales have made profits of up to $6.7 million after fully selling 84.9 million tokens.
As Broccoli launched at $0.18 daily, whales continued to accumulate the token. | Source: dexscreener.
Currently, the largest holder of Broccoli is a whale who purchased the token
$ kh.
The wallet holds significant unrealized losses. This wallet belongs to a DEX trader, with purchases spaced months apart. The whale was last active on the BNB chain in April 2024, with limited transactions on Ethereum.
The whale purchased tokens with the CA address 0x6D5AD1592ED9D6D1DF9B93C793B793AB759573ED6714, which continues to see substantial buying pressure. The accumulation of tokens into the whale’s address has set expectations for a binary
preparation listing
of one of the Broccoli tokens, and this version was carefully selected. So far, Binance has been conservative in listing the latest memes, but now meme tokens are emerging from its own ecosystem.
Initially, whales acquired the majority of Broccoli, and a few hours ago, the wallet realized profits. After that, the wallet continued to make small acquisitions. The trading price chosen by this trader for Broccoli was $0.18, rebounding after the initial crash. During the early rally, Broccoli even exceeded $0.30.
Another concern for Broccoli is that, aside from the initial release and meme related to CZ’s dog, whales might also be betting on several versions of the token.
Broccoli has enhanced the visibility of the four.
The popularity of CZ’s dog and all related tokens has timely increased the visibility of the four. Shortly after CZ shared the story of his dog, the Meme platform briefly experienced outages due to increased demand.
The platform responded to the social media activity surrounding the tokens and promotions of the two strong contenders. Currently, most new meme launches attempt to replicate the success of Token (TST) and Broccoli, with variations similar to previous meme tokens.
Four.meme is simply recording daily traffic and active users. In the initial days after the platform’s launch, 814 more successful tokens were launched on Pancakeswap. Daily, up to
100 tokens
are added to the DEX, which has recently also reported peak traffic.
After months of low-key activity, Fort.meme is setting records for daily traffic and new token creation. | Source: Dune Analytics
On February 12, the earliest platform hit its peak with 8,712 unique tokens. Nearly 40,000 tokens were launched in the first few days on the platform.
Four.meme has existed for several months, while meme launches have been limited. The most significant spike in activity was during the creation of Test Token (TST). The most considerable impact on the platform’s expansion is Zhao’s explicit mention of tokens. Although he denies full promotion, the CZ effect is real, suddenly igniting the growth of the meme platform.
CZ Faces Criticism for Driving Meme Season
The hype around the BNB Smart Chain boosted BNB above $700. BNB slid to $673.79 but still ranks fifth by market cap, ahead of Solana.
It remains to be seen whether fort. In recent weeks, the creation of meme tokens has slowed in Solana but remains at a high baseline. Recently, Tron’s Sun.pump Meme token has shown an influx of new users.
The rapid popularity of the BNB and Tron Meme seasons has sparked criticism that the interest may not be organic. Zhao
commented
that he always aims to increase traffic to the BNB Smart Chain but does not want to specifically drive or create meme tokens.
For some, the creation of social media hype is a bad signal for meme platforms, as initial interest may quickly fade.
