Key Points:
- A crypto trader made nearly $28 million by investing in Broccoli-themed memecoins inspired by Binance co-founder Changpeng Zhao’s dog.
- The rapid gains raised suspicions of insider trading, with some wallets linked to Broccoli memecoin developers.
- Memecoins continue to generate massive profits, despite lacking intrinsic value.
A Crypto ‘Sniper’ Strikes Gold
A savvy cryptocurrency trader has pocketed a staggering $28 million in profit after investing in Broccoli-themed memecoins inspired by Binance co-founder Changpeng “CZ” Zhao. The trader capitalized on social media hype after Zhao revealed his dog’s name—Broccoli—on Feb. 13.
Soon after the revelation, multiple Broccoli-themed memecoins flooded the market, particularly on platforms like Solana’s Pump.fun and Binance’s BNB Smart Chain’s Four.Meme, with at least 780 Broccoli coins emerging across both platforms.
Crypto intelligence firm Lookonchain highlighted the trader’s success in a Feb. 14 X post, stating:
“A sniper made $27.8M by sniping the memecoin named after CZ’s dog (Broccoli)!”
The term “sniping” refers to traders leveraging technical indicators to capitalize on short-term trading opportunities, often seeking quick profits.
Insider Trading Allegations Surface
Despite the staggering profit, concerns over insider trading have arisen within the crypto community. Some of the trader’s wallet addresses have been linked to the developers of certain Broccoli-themed memecoins, according to pseudonymous crypto trader DoctorDeFi.
“For context, this is not a sniper but Broccoli dev. In total, he made >$50M,” DoctorDeFi posted on X, providing evidence that multiple wallets connected to the trader hold a combined $34.2 million in stablecoins.
The Rise of Memecoin Millionaires
The Broccoli-themed memecoins gained traction despite CZ himself clarifying that he was not involved in launching any memecoins. Instead, he stated that it was “up to the community to do that (or not).”
This is not the first time memecoins have generated extraordinary profits. In May 2024, another anonymous trader made over $46 million from the Pepe (PEPE) token, achieving an incredible 15,718-fold return on an initial $3,000 investment.
Despite their speculative nature, memecoins continue to attract traders looking for quick financial windfalls—sometimes sparking controversy along the way.
