1. CZ’S Dog (BROCCOLI) Story Background and Origin

1.1 Background of Birth

In February 2025, Binance founder Zhao Changpeng (CZ) sparked the creation of CZ’S DOG ($BROCCOLI) through an interaction on social media. Initially, X platform user Vee asked CZ if he had a pet dog, to which CZ responded that he owned a Belgian Malinois dog, not a Shiba Inu. This simple exchange instantly piqued the curiosity of netizens, with hundreds of people in the comments section asking for the dog’s name and photos, while their true intention was to gather information to create Memecoin.

CZ keenly noticed this trend, then asked about the operation mechanism of Memecoin, expressing doubts about the phenomenon of creating memecoins after sharing dog names and photos, and also curious about how to determine the ‘official’ version. After receiving an explanation of the Memecoin mechanism, CZ said he needed time to consider whether to expose the dog’s information, and even mentioned the possibility of interacting with some memecoins on the BNB Chain. This series of interactions has attracted widespread attention in the cryptocurrency community, with netizens turning into ‘detectives’ to dig out clues about CZ’s dog’s name from various early information. For a while, many names like Perry, Bean, Maverick, Cleo, etc., were speculated.

As speculation continued to heat up, meme coins about CZ’s Dog began to emerge on the chain, and the Four.Meme platform even announced a quiz around the meme token with the same name as Binance founder Changpeng Zhao’s dog, which further stimulated the enthusiasm of the market. At 9 p.m. Beijing time on February 13, CZ thoughtfully announced that it would announce the dog’s photo and name within 3 hours, which made the speculation more intense, and the market value of CZ’s Dog-related meme coins continued to climb. Eventually, CZ tweeted the dog’s name, Broccoli, explaining that the name was chosen because it sounds similar to “Blockchain” and symbolizes a deep connection to cryptocurrency.

After this news was announced, the cryptocurrency market quickly reacted, and a large number of meme coins named ‘Broccoli’ emerged on major platforms like mushrooms after the rain. At least 480 variants appeared on Solana’s Pump.fun platform, and at least 300 related tokens appeared on BNB Smart Chain’s Four.Meme platform. The emergence of these tokens not only reflects the high sensitivity of the cryptocurrency market to hot events but also demonstrates the strong influence of the community in promoting token creation and market speculation. CZ’S DOG ($BROCCOLI) was born in this context and quickly became the focus of market attention.

1.2 Development History

Before CZ announced that his dog’s name is Broccoli, the market was already full of expectations for related meme coins. Speculations and early layouts by netizens have led to a rapid rise in the market value of some meme coins that were speculated to be the dog’s name, such as the currency named CZ’s Dog (BROWNIE), which once exceeded $45 million in market value during the speculation phase, attracting a lot of speculators’ attention.

On the evening of February 13, 2025, CZ officially announced the dog’s name as Broccoli, instantly triggering a frenzy in the market. On the BNB Chain, a large number of tokens named Broccoli emerged like a tide, attracting many investors to enter the market. One of the creators of the Broccoli token on the BNB Chain quickly created the token through the four.meme platform after CZ’s tweet was released, and invested 1 BNB (approximately 707 US dollars) to purchase 1.154 billion Broccoli tokens. With the influx of funds triggered by CZ’s tweet, the market value of the token skyrocketed to 4 billion US dollars in just 24 minutes, demonstrating the strong explosive power and speculation in the meme coin market.

However, this frenzy in the market did not last. After the token creator sold 115 million Broccoli tokens to chasing retail investors, earning 9819 BNB (about 6.72 million USD) and converting it into ETH, USDT, and USDC, the price of the coin plummeted by 90% within half an hour, causing huge losses to many followers. This dramatic price fluctuation became a typical epitome of many Broccoli tokens that night, reflecting the high uncertainty and risk of the meme coin market.

Later, CZ emphasized that memes are community-driven when facing community doubts about its undisclosed contract address. However, this incident has sparked widespread market controversy. Sonic Labs founder Andre Cronje previously warned that if CZ wants to participate in such projects, he should launch official smart contracts directly and share them to avoid scammers releasing a large number of deceptive contracts causing community confusion. Nevertheless, the market’s enthusiasm for the Broccoli token continues to some extent. Binance Web3 wallet has set up a special column for CZ’s Dog, featuring several outstanding projects, with the highest market value reaching 19.9 billion US dollars at one point, and its 24-hour increase is also very attractive.

As the market gradually cools down, investors are re-evaluating the value and risks of these tokens. Some investors are disappointed with the market due to losses, and the speculative heat in the market has decreased. At the same time, in order to regain market confidence, the BNB Chain officially launched a series of measures, such as investing 4.4 million US dollars to provide liquidity support for top meme coins on the Binance Chain. The plan will start on February 18th, using daily and weekly reward mechanisms to directly inject BNB into meme coin liquidity pools that perform well, and this liquidity will be permanently retained in the pool. Meme coins participating in the plan need to meet specific conditions, such as a market value of at least 1 million US dollars and at least 10% of the total supply injected into liquidity.

2. The driving factor behind CZ’S Dog (BROCCOLI)

2.1 The influence of CZ

As the founder of Binance, CZ has a high level of visibility and influence in the cryptocurrency field, with all his actions being closely watched by the market. His act of revealing the name of his beloved dog on social media directly sparked the frenzy of CZ’s DOG ($BROCCOLI). His interaction with netizens on platform X about pet dogs triggered a strong interest among netizens in creating related memecoins, followed by inquiries about the operation mechanism of Memecoin, further fueling the market’s curiosity and expectations. When he finally announced the name of his beloved dog as Broccoli, it instantly ignited the entire cryptocurrency market, leading to a rapid emergence of meme coins named after Broccoli.

CZ’s influence is not only reflected in attracting market attention and participation enthusiasm but also in his actions that have increased the exposure and recognition of these tokens. Binance’s Web3 wallet has set up a special column for CZ’s Dog, featuring multiple related tokens. This move undoubtedly endorses these tokens, strengthening their legitimacy and attractiveness in the market, attracting more investors and community members to actively participate. Although CZ has clarified multiple times that he has not launched any tokens and has expressed concerns about the meme coin industry, his name and this event still garnered high attention in the meme coin field. This unexpected ‘endorsement’ effect further boosts the popularity of CZ’S DOG ($BROCCOLI), making it a unique phenomenon in the cryptocurrency market.

2.2 The Power of Community

Throughout the development of CZ’S DOG ($BROCCOLI), the community has played a crucial role in driving the process. From the active participation of netizens in speculating and discussing the name of CZ’s pet dog on social media from the beginning, to the rapid creation and trading of tokens named Broccoli later on, the enthusiasm and actions of community members have been the core driving force behind this meme coin frenzy.

Before CZ announced the name of the dog, community members had already transformed into ‘detectives,’ digging out possible name clues from various ancient information. This process not only increased the activity of the community but also created an atmosphere for the creation and speculation of related tokens in advance. The guessing activity of the meme token named after the beloved dog of the Binance founder Zhao Changpeng announced by the Four.Meme platform has pushed the enthusiasm of the community to a climax. Many community members actively participated, further promoting the market’s attention and expectation for related tokens.

During the token creation and trading phases, the active participation of community members has rapidly developed the market for CZ’S DOG ($BROCCOLI). The enthusiasm of the community and the market has attracted a large number of investors who have flocked to the market to buy tokens, leading to a sharp increase in demand and a rapid rise in prices. At the same time, the communication and sharing among community members has allowed more people to understand this hot topic, attracting more participants to enter the market, further expanding the market’s size and influence. However, community power also exhibits some blindness and irrationality. When the market is hot, many community members blindly follow the trend, lacking in-depth analysis of the token’s value and risks, which has also laid hidden dangers for the market’s violent fluctuations. When the market experiences adverse changes, the panic emotions of community members can spread rapidly, leading to a large number of sell-offs and exacerbating the market’s decline.

2.3 Market speculation sentiment

Market speculation played a key role in the market performance of CZ’S DOG ($BROCCOLI). The cryptocurrency market itself is highly speculative, and meme coins, as an emerging category of cryptocurrency, have attracted a large number of speculators seeking short-term high returns. Stimulated by the hot event of CZ announcing the name of his beloved dog, market speculation was quickly ignited. Investors have turned their attention to the token named Broccoli, hoping to make substantial profits in this hot trend.

Many speculators blindly follow the market trend and buy tokens without in-depth research on the fundamentals of the tokens, relying solely on market hotspots and emotions. They are not concerned about the actual value and application prospects of the tokens, but hope to profit from the short-term price fluctuations. This speculation has led to a significant increase in market demand, driving prices rapidly higher, resulting in a sharp increase in the market value of CZ’S DOG (BROCCOLI) in a short period of time. However, markets driven by speculative sentiment often exhibit high instability. Once the market hotspot fades or negative news emerges, speculators’ attitudes change rapidly, leading to a sell-off of tokens and causing prices to plummet. This is clearly reflected in the price trend of CZ’S DOG (BROCCOLI). After the token creator sold a large number of tokens, panic spread rapidly among market speculators, leading to a widespread sell-off and a 90% flash crash in the price within half an hour.

Market speculation sentiment easily triggers herd behavior in the market. When some speculators succeed in a certain direction, other investors often blindly follow, further intensifying market volatility and instability. This herd effect is very prominent in the CZ’S DOG (BROCCOLI) market. Many investors, after seeing others profit from the token, follow suit without hesitation, ignoring the risks involved, thus making the speculative atmosphere in the market even stronger.

3. CZ’S Dog (BROCCOLI) Basic Information and Market Performance

3.1 CZ’S Dog (BROCCOLI) Basic Information (2025-2-17)

1. Market Cap: $91,134,590
2. Circulation: 1,000,000,000
3. Fully diluted market cap: $91,134,590
4. Total supply: 1,000,000,000
5. Contract Address: 0x6d5ad1592ed9d6d1df9b93c793ab759573ed6714

3.2 Market Performance

On the evening of February 13, after CZ officially announced the dog’s name as Broccoli, the market was instantly ignited. A creator of the Broccoli token on the BNB Chain quickly seized the opportunity and created the token on the four.meme platform after CZ’s tweet, investing 1 BNB (approximately 707 USD) to purchase 1.154 billion Broccoli tokens. With a large influx of funds triggered by CZ’s tweet, the market value of the token soared to 4 billion USD in just 24 minutes, with a remarkable price increase. The price surge in this phase is mainly due to market frenzy and investors blindly following the trend. Many investors were attracted by the hot trend and rushed into the market to buy tokens, leading to a sharp increase in demand and consequently driving prices up rapidly.

However, this crazy surge did not last long. After the token creator sold 115 million Broccoli tokens to chasing retail investors, earning 9819 BNB (about 6.72 million US dollars) in profit and converting it to ETH, USDT, and USDC, the price of the coin plummeted by 90% in half an hour. This drastic price drop caused huge losses to many followers. The main reason for the price crash was the massive selling by the token creator, which suddenly increased the supply in the market significantly. The demand could not absorb such a large supply in a short period, triggering a price collapse. At the same time, panic spread in the market, with investors selling off their tokens, further exacerbating the price decline.

After the currency price flash crash, the market gradually entered the adjustment phase. Although some investors still have hope for CZ’S DOG ($BROCCOLI), believing that its price may rebound again, the overall market sentiment has become cautious. Subsequently, the price of the token fluctuated within a certain range, influenced by various factors such as market supply and demand, investor sentiment, and the overall market environment.

Currently, CZ’S Dog (BROCCOLI) has landed on the Gate.io spot trading area,Click to trade!

Risk Warning: Cryptocurrency projects may have high volatility and high risk. Please trade cautiously and be aware of the risks!

Conclusion

CZ’S DOG (BROCCOLI), as a meme coin born because CZ announced the name of his beloved dog, has a dramatic development history. From the initial market expectations, to the explosive growth after the name was announced, and then to the subsequent intense fluctuations, it fully demonstrates the highly speculative and uncertain nature of meme coin market. In terms of market performance, its price trend is like a roller coaster, experiencing sharp rises and falls in a short period of time, with trading volume and market capitalization also fluctuating significantly. These dramatic fluctuations not only bring opportunities for investors to achieve high returns, but also entail significant risks.