New BROCCOLI Half-hour Speed ​​Pass 50M, Review the "Broccoli War" triggered by this donation

Author: Penny, BlockBeats

On the afternoon of February 18, the narrative of "CZ's Dog" that was already a little quiet suddenly became active. A new $BROCCOLI was released around 6 pm, which rose rapidly in a short period of time. Its market value was 50M within one and a half hours, and its current market value was stable. It is around 10M. The popularity of this token is not only the Renaissance, but also closely related to the recent $LIBRA and "charity relief".

Event background: CZ's "Broccoli Night" and Meme Coin Carnival

After CZ announced its pet dog name "Broccoli" on February 13, dozens of Meme coin projects of the same name quickly emerged on BNB Chain, with a market value of over US$400 million. This naming not only has the similar pronunciation to "Blockchain" but also the community's fanatical pursuit of CZ's personal influence, forming a speculative wonder of "Broccoli Night". However, behind this carnival, there are huge whale trading, community division and trust crisis.

Charity Events and CZ Admission: From the Argentine President’s Coin

Issuance to “Love Airdrop”

The cause of the incident can be traced back to the issue of Argentine President Milei, a large number of investors in the currency circle suffered large losses. So a college student KOL spontaneously launched the $50,000 charity dinner aid program on BNB Chain, aimed at all victims. Compensation is made (college students are preferred). CZ then expressed support for the project, transferring 150 BNBs (about $100,000) to the KOL's public charity address, and jointly launched the "BNBCHAIN ​​stablecoin love airdrop for exclusive $LIBRA loss-makers". However, this kind act unexpectedly became the "fuse" for giant whale trading - the donation address announced by CZ was regarded as an "official endorsement signal" by speculators, triggering a new round of Meme coin speculation.

After the address of CZ donation was announced, according to Ai Aunt Ai, an investor who made a profit of US$460,000 on BROCCOLI (0x6d5...714) created a new token BROCCOLI (0xa14...aab) and went to CZ's The donation address transfers 150 BNB and this token. Specific operations include: creating a new token 13 minutes after CZ announces the donation address, and transferring 80% of the token supply (about 797 million) to the CZ address after 2 minutes, and clearing all remaining tail numbers 714 tokens and transfer the profitable 150 BNBs to the CZ address again. The actual market value of the new token is approximately US$7 million, which is 20% of the displayed market value. Currently, the investor holds 10.62 million tokens as the developer address, making it the largest holder of the token.

After the new token dev with the tail number aab, the old token with the tail number 714, the giant whales in the 714 community also began to fight back, and at 19:50 (UTC+8) that night, 10 million were transferred to the CZ address. 714 tokens, the market value of 714 tokens also rose from US$96M to US$126M in a short period of time, but the market value has fallen afterwards and is currently stable at around US$70M. This behavior is not only a community protest against the new token, but also exposes the essence of "market value management" relies on giant whale games in the Meme currency ecosystem.

On the morning of the 19th, CZ tweeted that the address he donated received more BNB than donated, and there are more other tokens, he will not leave a penny, most likely to donate to those in TST or Some people who are losing money on Broccolis. He stressed, "This is not an endorsement of any token, don't over-interpret this."

Although CZ has repeatedly emphasized that "no Meme coins were issued", although CZ once posted a post after the "Brotte Blossom War" that during the process of attracting traffic to BNB Chain, due to lack of understanding of the meme issuance process and community operations, it has brought many retail investors. I am very sorry for the negative impact and promise to improve the performance of BNB Chain and formulate a Meme currency incentive policy. However, its social media dynamics and the disclosure of donation addresses objectively provide speculators with hype material. There are more than 100 tokens of the same name on BNB Chain. Binance Web3 Wallet even listed the "CZ's Dog" column on the first day to include the top four projects in the market value (currently closed), which also highlights the platform's acquiesce to traffic dividends.

In addition, in this incident, the giant whale harvested retail investors through information gap, liquidity manipulation and community sentiment. The so-called "decentralized community consensus" became a capital game, which also highlighted the "ghost refining field" nature of Meme coins.

"Broccoli Battle" is not only a microcoin speculation, but also reveals the fragility of the cryptocurrency market in fanaticism. When charity becomes a hot spot for speculation and when community consensus becomes a bargaining chip, the industry urgently needs technology and governance Build a healthier ecological foundation with the regulatory level. "When you try to make money quickly, you often lose money. When you donate, you get more rewards." This is CZ's feelings in response to the donation incident. CZ's speech and BNB Chain's commitment to upgrade may be the starting point, but real change still needs time to verify.