CZ Slammed After Broccoli Tokens Crash | Airdrop Alert Pro

Binance founder Changpeng Zhao (CZ) inspired the crypto market by posting photos of his dog broccoli on social media. Although the post has caused a surge in BNB trading volume, it has also triggered a speculative madness in the cauliflower-themed meme coins, most of which have collapsed since then.

The event sparked a heated debate in the cryptocurrency community on market manipulation and the ethics of influencer-driven transactions.

Binance’s CZ slams Broccoli Token’s Turnout

After CZ’s article on his dog broccoli, a large number of tokens related to broccoli are pouring in Binance Smart Chain ((BSC). As Beincrypto reports, investors are eager to buy these meme coins, and are expected to be expensive.

However, according to crypto analysts defi Mochi, speculative hype quickly became a financial disaster for many traders. Analysts also pointed out that CZ intends to disapprove any specific broccoli tokens to increase speculation and volume on the BNB chain.

Although CZ expressed him No direct participation Traders scramble to identify the “official” version when launching any tokens related to broccoli. Interest ends up reaching a series of pumping cycles that consume millions of dollars in market capitalization.

“If you haven’t bridged to the BNB chain, this is what you’re ‘missed’: Broccoli #1: $400 million to $30 million in 1 hour, Broccoli #2: $100m to $14 million to $14 million, Broccoli #3: $60 million to $5M in 2 hours,” Defi Mochi Write On X.

The consequences of the broccoli token boom lead to a wave of criticism targeted Changpeng Zhao. Crypto experts and retail investors expressed concern about his role in cultivating speculative behavior.

“I thought CZ had changed after she was transformed from prison – more mentally aligned, more independent – but I don’t think so at all… He’s like us – a person who can’t control FOMO/fear” .Eth Comment On X.

Another crypto analyst, Norfungible Yash, responded to a similar view that market sentiment has attracted people’s charm even among billionaires.

“CZ may have an advantage, but at the end of the day, he is playing the same mental game as the rest of us.” Comment.

At the same time, others have defendant CZ manipulates market sentiment to gain economic benefits. For some, the incident has raised concerns about Binance’s future compared to the infamous FTX crash.

“If he continues to take this approach, it will make him like ftx. He openly manipulates the market,” another popular user on X Express.

For some, CZ also deviates from his focus on Cheering AcademyAfter he was released from prison five months ago, he began and devoted himself to focusing on concentration.

The mechanics of speculative madness

Cwembassy’s blockchain researchers provide insight into how CZ’s impact can indirectly facilitate meme coin speculation.

“CZ knows what he is doing!!! He always tweets like he is not interested or will never flash, but if you’ve been in this game long enough, you’ll know. He doesn’t need to CA puts it in a meme to recognize it. His meme was created a long time ago: BNB,” they Write.

Still, a savvy investor capital took advantage of the hype and made nearly $28 million by sniping meme coins related to broccoli.

According to blockchain analytics firm Lookonchain, a businessman bought many broccoli tokens after CZ’s tweet, distributed them to various wallets, and then threw them away for a substantial profit.

“… In the end, the sniper received a total of $27.8 million,” Lookonchain reveal.

Still, broccoli Same corner The legend emphasizes the volatile and speculative nature of the crypto market. The impact of CZ on market sentiment is still undeniable.

More importantly, however, the controversy raises new questions about the responsibility of industry leaders in an environment where retail investors often bear the brunt of the brunt.