In a twist that could only be described as a plot twist worthy of a daytime soap opera, a particularly astute cryptocurrency trader has managed to rake in a staggering $28 million. Yes, you read that right—$28 million! All thanks to a memecoin inspired by none other than the dog of Binance co-founder, Changpeng “CZ” Zhao. Who knew a Belgian Malinois could be so lucrative? 🐶💰
On February 13, CZ casually dropped the bombshell that his dog’s name is “Broccoli.” Yes, you heard it—Broccoli! This revelation sent the crypto world into a frenzy, sparking a veritable garden of memecoins sprouting up like weeds after a rainstorm. 🌧️💸
Before you could say “to the moon,” Broccoli memecoins were popping up on every popular launch platform, including Solana’s Pump.fun, where a whopping 480 Broccoli-themed coins now reside, and BNB Smart Chain’s Four.Meme, boasting at least 300 coins dedicated to CZ’s canine companion. Talk about a doggone good time! 🥦🚀
According to the crypto sleuths at Lookonchain, an anonymous trader seized the moment and snatched up nearly every Broccoli memecoin available. In a post on X (formerly Twitter), they exclaimed:
“A sniper made $27.8M by sniping the memecoin named after CZ’s dog (Broccoli)!”
Yes, you read that right. This trader, who we can only assume has the reflexes of a cat on a hot tin roof, bought up all the Broccoli coins and then distributed them across multiple wallets like a digital Santa Claus. 🎅💵
Now, in the world of crypto, “sniping” is not what you think. It’s not about taking out your competition with a well-aimed dart; it’s about traders hunting for short-term opportunities using technical indicators. Who knew trading could sound so much like a video game? 🎮
Despite their utter lack of utility—seriously, what can you do with a Broccoli coin?—memecoins have somehow managed to create millionaires faster than you can say “pump and dump.”
In a similar vein, another anonymous trader made headlines in May 2024 by turning a mere $3,000 investment into a jaw-dropping $46 million profit. That’s a 15,718-fold return! If only my savings account could do that! 😱💸
$28 million memecoin profit raises insider trading allegations
But wait, there’s more! The $28 million profit has raised eyebrows and sparked whispers of insider trading within the crypto community. Some traders’ wallet addresses are allegedly linked to the developers of the Broccoli memecoins. Pseudonymous crypto trader DoctorDeFi chimed in on X:
“For context, this is not a sniper but Broccoli dev. In total, he made >$50M.”
It seems the Broccoli trader has a few more wallets up their sleeve, with a combined value of over $34.2 million in stablecoins. Who knew Broccoli could be so profitable? 🥦💵
Despite the frenzy, CZ has been quick to clarify that he’s not launching a memecoin of his own. He’s left it up to the community to decide whether to embrace the Broccoli craze or not. Talk about a classic case of “not my circus, not my monkeys!”
Trump family memecoins spark investor hype, regulatory concerns
Meanwhile, the excitement for memecoins has been on the rise since President Donald Trump launched the Official Trump (TRUMP) memecoin on January 18, followed by the Official Melania (MELANIA) token on January 19. Because nothing says “serious investment” like a token named after a former
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2025-02-14 14:00