Possible Manipulation in BNB's Memecoin Liquidity Program? The Broccoli (F3B) Case
The recent Binance (BNB) Memecoin Liquidity Program has sparked controversy and suspicions of manipulation, particularly due to the sudden rise of Broccoli F3B to the top of the ranking. The program was launched to reward top memecoins on the BNB blockchain, using a controversial formula to rank tokens: Score = (Market Cap Rank × 30%) + (Price Increase Rank × 20%) + (Trading Volume Rank × 50%) The lower the score, the higher the project’s ranking. Scores were calculated daily and weekly based on these metrics. However, this structure favored lower-cap tokens, as they are easier to manipulate, which seems to have happened with Broccoli F3B. The Start of Competition and F3B’s Suspicious Rise At the start of the program, the competition was mainly between Broccoli 714 and Broccoli F2B: Broccoli 714 had 38,900 holders, was highly hyped, and was already in an uptrend before the competition. Its initial price was $0.11.Broccoli F2B had around 12,000 holders, a market cap of $16 million, and an initial price of $0.09. However, as soon as the competition started, Broccoli F3B suddenly emerged as the first-ranked token. This unexpected rise raised several suspicions, considering its initial numbers: Market cap of approximately $20 million.Initial volume of only $60,000.Price increase of around 10%.On February 17, the F3B token had only 8,467 holders, while on February 18, this number increased to 10,101 holders. Meanwhile, Broccoli 714 had been leading the volume ranking since the competition started, with $1.24 million in daily volume and over $1 billion in weekly volume. Additionally, it ranked first in market cap, reaching $105 million. Mass Manipulation and Broccoli 714’s Sharp Drop When Binance ranked Broccoli F3B as the top token, a speculative frenzy ensued: Buying pressure on F3B, pushing its price up +336% in just 4 hours.Selling pressure on Broccoli 714, which dropped 50% in 5 hours, making recovery nearly impossible.Since the price increase metric was counted from the ranking’s opening, 714 lost its position despite having higher volume and market cap. Analyzing Broccoli F3B’s history, a suspicious pattern emerges: 8 hours before the competition, its price dropped 41%, allowing for an "artificial" recovery once the contest began. Additionally, on-chain data shows that the top 100 holders collectively own 50.81% of the supply, enabling targeted price manipulation. The Role of Influencers Another suspicious factor is the involvement of the influencer ELJA, a well-known Twitter figure with over 500,000 followers. He uses a selfie with CZ (Binance CEO) to suggest a direct connection with the exchange—something CZ himself has publicly criticized: "You should be alarmed if someone uses a selfie for promotion. [...] I take a lot of selfies with people, but that doesn’t mean I support their projects." (CZ Binance, 12/18/2024 - Twitter) Elja and other influencers heavily promoted Broccoli F3B, further fueling the manipulation. Suspicious Metrics and Comparisons Analyzing asset distribution reveals a glaring discrepancy: Broccoli F3B: Market cap divided by the number of holders results in $3,840 per wallet - an unrealistic value.Broccoli 714: $1,074 per wallet. Additionally, while Broccoli 714 maintained $36 million in volume, F3B operated with only $17 million, reinforcing that its valuation was not driven by natural market movement. Conclusion The final weekly competition results have not yet been announced by Binance, as they are still reviewing the data. However, the possibility of Broccoli F3B winning raises serious questions about the program’s legitimacy. This event highlights how poorly structured rules and influencer-driven hype can completely distort a market, harming solid projects while favoring speculative and manipulated price movements. If Binance does not revise its criteria and take action against such practices, future competitions may continue to be a breeding ground for price manipulation, jeopardizing trust in its blockchain.
Which is the Main Broccoli BNB? A Comparison Between Broccoli 714 and Broccoli f3b
Broccoli 714 and Broccoli f3b are two emerging meme cryptocurrencies on the BNB Chain, both inspired by CZ’s pet dog, the CEO of Binance. Despite sharing a similar thematic origin, they differ significantly in terms of development, community support, exchange listings, and market trajectory. Broccoli f3b: Backed by Influencers and BNB Liquidity Program Broccoli f3b quickly gained traction, largely due to the backing of crypto influencers. This external promotion helped push its market cap beyond $60 million, setting a new all-time high. As of February 23, 2025, BROCCOLIF3B was priced at approximately $0.04946, with a 24-hour trading volume of $3.44 million and a circulating supply of 1 billion tokens. (mexc.com) However, its rise was not entirely organic. f3b received significant assistance from the BNB liquidity program, which played a major role in its price increase. Before this program was launched, f3b had a market cap of less than $2 million. Once the program was introduced, the price was manipulated, resulting in a rapid surge. In contrast to 714, f3b has only 12,600 holders, highlighting its weaker community support. Broccoli 714: The Power of a True Community-Driven Token Broccoli 714 stands out for being entirely community-driven, achieving massive growth without the need for influencers or external liquidity support. Unlike f3b, which relies on influencer hype, Broccoli 714's value is sustained by real demand and a strong community presence. Stronger Exchange Listings and Higher Volume Unlike f3b, Broccoli 714 has secured listings on major and leading exchanges, providing greater liquidity and accessibility for traders. The trading volume of 714 is significantly higher than f3b, further proving that 714 does not need influencer promotions to achieve high trading activity. Larger Holder Base and Stronger Social Media Presence Today, Broccoli 714 boasts 38,650 holders, more than three times the number of f3b holders. It also has a larger following on Twitter and a stronger Telegram community, reinforcing its dominance as the primary Broccoli token. The Impact of the PvP Battle: Unfair Competition on BNB Chain The recent PvP (Project vs. Project) battle between community-driven projects like 714 and influencer-backed tokens like f3b has been directly influencing 714’s price movements. While competition is natural, this influencer-driven manipulation creates an unfair playing field, harming not only the tokens involved but also the BNB Chain ecosystem itself. A fair and transparent market is crucial for the long-term success of any blockchain, and this kind of manipulation goes against those principles. Conclusion While Broccoli f3b has seen temporary success thanks to influencer backing and the BNB liquidity program, it remains highly susceptible to price manipulation. On the other hand, Broccoli 714 stands as a true community-driven token, growing organically with a larger holder base, stronger exchange listings, and significantly higher trading volume. With its independent rise, lack of reliance on influencers, and broader community support, Broccoli 714 has solidified itself as the leading Broccoli token on the BNB Chain. Investors should carefully assess these differences when considering meme token opportunities, while also recognizing the risks of influencer-driven market manipulation and unfair competition within the BNB Chain ecosystem.