Binance co-founder Changpeng Zhao, known as CZ, announced the launch of a new meme coin, Broccoli, named after his dog.
The Origin of Broccoli Token
Changpeng Zhao disclosed that he owns a Belgian Malinois dog named Broccoli, leading to the launch of the Broccoli meme coin ($BROCCOLI) on the BNB Chain. The token quickly surged to $0.0100397 with a market capitalization of over $2 million.
Zhao's View on Meme Coins
Previously, Zhao expressed reservations about meme coins, calling the trend 'a little weird'. He urged developers to focus on applications with real utility, but acknowledged that meme coins have their place in the market.
User Reaction to Meme Coins
After posting his dog's picture, Zhao was inundated with questions about meme coins. He admitted to being unprepared for such attention and pondered the phenomenon.
The launch of Broccoli has sparked interest in meme coins, while Zhao remains contemplative about the role and significance of such tokens in the market.
