#broccoli

The "meme coin" Broccoli is a cryptocurrency inspired by a dog named Broccoli, owned by Changpeng Zhao (CZ), the founder and former CEO of Binance. Although CZ clarified that he is not launching an official coin, the community created hundreds of Broccoli-themed tokens on different blockchain networks.

*Features*

- *Tokens created*: More than 480 Broccoli tokens were created on Solana's Pump.fun and over 300 on BNB Smart Chain's Four.Meme.

- *Volatility*: Some tokens experienced a significant increase in their value, followed by a drastic fall. For example, a Broccoli token on Solana reached a market capitalization of $1.5 billion before dropping.

- *Adoption*: The community decided which token would prevail, and CZ suggested that the winning token could receive liquidity support or incentives from the BNB Foundation ¹.

*Associated risks*

- *Scams*: Due to the speculative nature of these coins, it is important to be cautious of potential scams.

- *Extreme volatility*: The prices of these tokens can fluctuate rapidly, which can result in significant losses.

In summary, the "meme coin" Broccoli is a cryptocurrency created by the community in honor of CZ's dog, with great potential for volatility and the risk of scams.