Crypto Whale Bets Big On CZ’s Dog, BROCCOLI Price Rockets 160%

A crypto whale has placed a massive bet on CZ’s DOG (BROCCOLI) token, a meme coin inspired by Binance founder Changpeng Zhao’s (CZ) dog. This move has fueled a 160% surge in BROCCOLI price, making it one of the hottest tokens in the market. Notably, social media hype and speculation continue to push its value higher, with whale transactions adding to the frenzy.

Crypto Whale Buys 40M CZ’s Dog; Becomes Largest Holder

A crypto whale recently acquired nearly 40 million Broccoli tokens, becoming its largest holder. According to Loononchain data, the whale spent 7,431 BNB, worth approximately $5 million, to buy CZ’s Dog at an average price of $0.1264. This transaction has heightened investor interest, driving further demand for the token.

Meanwhile, another report revealed that a separate whale invested $2.54 million in two Broccoli-themed memecoins. While one investment has yielded a 24.7% profit, the other is currently at a 68.1% loss.

Despite these mixed results, the crypto whales continue to dive into CZ-inspired tokens, believing in their potential for further growth. Besides, the influence of the former Binance CEO Changpeng Zhao has further added to the bullish sentiment of the asset market.

CZ’s Dog Sparks Meme Coin Frenzy: BROCCOLI Price Soars

Binance founder Changpeng Zhao, aka CZ, first revealed his dog’s name Broccoli in a social media post on X on February 13. This announcement ignited a wave of Broccoli-themed meme coins across various blockchain networks. Over 480 Broccoli tokens have launched on Solana’s Pump.fun, while BNB Smart Chain’s Four.Meme has seen at least 300 similar tokens emerge, gaining the crypto whales’ attention.

Among these, one Broccoli-themed memecoin on Solana skyrocketed to a $1.5 billion market cap on the same day. However, despite the overwhelming hype, CZ clarified that he has no involvement in launching any of these tokens.

Meanwhile, a token, CZ’s Dog or BROCCOLI price rocketed 158% to $0.1335 today with a market cap of $122.56 million. Notably, the 24-hour trading volume of the token touched $604.01 million, indicating the heavy interest of the market participants towards the crypto.

Broccoli Price Surge Aids In Dog-Themed Meme Coins’ Rally

Dog-themed memecoins have dominated the crypto scene lately, with crypto whales shifting their focus towards the assets. Notably, the buzz over the BROCCOLI token places it alongside other top dog-themed meme coins like Dogecoin (DOGE), Floki Inu (FLOKI), and Dogwifhat (WIF), all of which have seen significant price rallies.

As of writing, DOGE price was up over 3.5% and traded at $0.2672, with SHIB and FLOKI adding about 1% to their prices. Besides, DOG price surged more than 4% while dogwifhat (WIF) price jumped more than 10% amid the CZ’s Dog buzz.

However, the growing interest in dog-themed memecoins isn’t new. Despite that, CZ’s influence and the ongoing whale activity have made Broccoli a standout token in this category. As the meme coin market remains highly speculative, investors are closely watching Broccoli’s next moves.