\u00a0Binance founder Changpeng Zhao, also known as \u201cCZ,\u201d has taken the crypto market by storm after sharing his dog\u2019s name and picture. The announcement sparked the launch of multiple tokens inspired by the pet and was further fueled by BNB Chain\u2019s memecoin launchpad\u2019s name-guessing contest.<\/p>\n
On Wednesday, Changpeng Zhao acknowledged<\/a> the cycle\u2019s memecoin frenzy after an X user asked if he had a dog. The Binance founder revealed he had \u201cnot a Shiba Inu, but a Belgian Malinois,\u201d which resulted in the crypto community asking for the name and picture of his dog.<\/p>\n CZ inquired about how it would work if he shared the information, asking if people would create memecoins based on the dog, how investors would know which one is the \u201cofficial\u201d token, and if it even mattered.<\/p>\n He joked he would mull whether to \u201crespect his privacy, or dox the dog for the cause,\u201d sparking massive speculation about an official memecoin launch.<\/p>\n On Thursday, CZ shared on X that he would officially share his dog\u2019s picture and name at 8:00 PM Dubai time, or 4:00 PM UTC, sending investors into a frenzy<\/a> over the upcoming post.<\/p>\n Community members launched several tokens with the possible names of CZ\u2019s four-legged companion, some reaching up to $60 million in market capitalization.<\/p>\n Arkham noted<\/a> that the two frontrunner tokens on the BNB chain, BROWNIE, and PERRY, significantly surged on Thursday morning. Remarkably, an investor made over $1 million with less than a $12,000 initial in 12 hours.<\/p>\n BNB Chain\u2019s token launchpad, Four.Meme joined<\/a> the frenzy, announcing a \u201cCZ Dog Name Meme Token Betting Event.\u201d According to the X post, the tokens with the same then-unknown name of CZ\u2019s dog would be part of a competition.<\/p>\n The tokens created today before 4:00 PM UTC would be eligible to participate and \u201cbecome the next big meme.\u201d The announcement detailed:<\/p>\n 30 minutes after CZ\u2019s post, the highest market cap token on Four.Meme wins! The winner\u2019s token will have its tokens in LP revenue regularly burned by Four.Meme!<\/p>\n At 4:12 UTC, the Binance founder shared a picture with his dog, Broccoli. The dog was named after the vegetable because he wanted \u201ca name that started with B and has some green in it.\u201d<\/p>\n CZ wrote that he and Broccoli bonded over their difficulty socializing, adding that the dog helped him get a \u201cgood break\u201d from the \u201cintense negotiations with the DOJ back then.\u201d He also stated that he never imagined<\/a> his pet would be part of the blockchain ecosystem, adding that there\u2019s \u201cnever a dull day in crypto.\u201d<\/p>\n Broccoli Immortalized In The Blockchain<\/p>\n CZ clarified that he was \u201cjust posting\u201d his dog\u2019s pictures and name and not issuing a memecoin himself<\/a>. He considered it was up to the community whether to launch a token.<\/p>\n The BNB foundation \u201cmay provide rewards for the top memes on the BNB Chain, giving LP support or other rewards,\u201d but the details are still being discussed.<\/p>\n After the \u201cPet reveal,\u201d the tokens guessing Broccoli\u2019s name plummeted, with the leading memecoin falling from a $22 million market cap to less than $1 million in less than a minute.<\/p>\n Meanwhile, the creation of memecoins inspired by CZ pet\u2019s real name spiked, with several BNB Chain and Solana-based tokens flooding DexScreener\u2019s feed. At the time of writing, CZ\u2019s Dog (BROCCOLI), launched a minute after Zhao\u2019s post, has become the largest gainer<\/a>.<\/p>\n The memecoin reached a $300 million market capitalization minutes after being created and is currently trading at $0.0745, with a $75 million market cap. The winning token of the Four.Meme contest is yet to be announced.<\/p>","protected":false},"excerpt":{"rendered":" \u00a0Binance founder Changpeng Zhao, also known as \u201cCZ,\u201d has taken the crypto market by storm after sharing his dog\u2019s name and picture. The announcement sparked the launch of multiple tokens inspired by the pet and was further fueled by BNB Chain\u2019s memecoin launchpad\u2019s name-guessing contest. CZ Sparks Memecoin Frenzy On Wednesday, Changpeng Zhao acknowledged the […]<\/p>\n","protected":false},"author":0,"featured_media":44361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44360"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44360"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44361"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Four.Meme Kicks-Off Token Event<\/h2>\n