Binance’s founder, Changpeng Zhao, shared the name of his dog on social media, leading to a new wave of 'BROCCOLI' memecoin.
A Viral Post That Moved Markets
It all started with an X user's question about Zhao having a pet. Zhao confirmed owning a Belgian Malinois named Broccoli. After posting the dog's photo, the market reacted swiftly. Many 'BROCCOLI' memecoins were created, despite Zhao not being involved in their creation.
Surge in BNB Chain and PancakeSwap Trading
The reaction extended beyond memecoins. PancakeSwap on BNB Chain saw a dramatic increase in trading volume, surpassing Uniswap. In the past 24 hours, the trading volume exceeded $3 billion, while the weekly total surpassed $21 billion. BNB and CAKE tokens also saw significant price increases.
Shifting Views on Memecoin Trading
Previously, Zhao expressed skepticism about memecoins, advocating for real applications. However, his recent post might indicate a shift in opinion. While he reiterated no involvement in launching new memecoins, he suggested interest in engaging with some popular ones.
Changpeng Zhao's dog incident illustrates how rapidly the cryptocurrency market can change due to social media and personal declarations.
