Binance co-founder Changpeng “CZ” Zhao caused a stir in the crypto market when he unveiled his personal portfolio, resulting in a 33% surge in BROCCOLI, a meme coin running on BNB.

Although BROCCOLI saw a significant spike, BNB's native altcoin took a dip, likely due to CZ's well-known substantial holdings in the asset.

CZ's Portfolio Revelation Shakes the Market

Changpeng “CZ” Zhao, renowned for his role in Binance, continues to make waves in the market with his portfolio disclosures. His mention of having limited experience with DEX trades previously propelled a meme coin rally. The recent revelation of his dog's name led to a surge in BROCCOLI tokens. However, CZ has now displayed a wallet dominated by BNB, accounting for over 98% of his holdings.

Zhao's portfolio composition took many by surprise, with only marginal allocations to other assets like BTC, EURI, and USDT. Despite the community's collective knowledge of CZ's significant BNB holdings, the token failed to see an immediate price appreciation post-revelation.

While CZ's public statements have historically influenced BNB prices positively, the current market conditions, coupled with his recent disclosures, have resulted in a bearish trend. It comes as no shock that CZ holds a substantial amount of BNB, an already well-established fact.

However, amidst this scenario, the BROCCOLI meme coin, inspired by CZ's dog, emerged as a beneficiary of the social media attention. The project witnessed a notable 33% surge, showcasing the power of CZ's influence in the crypto space.

BROCCOLI, one of the many meme coins associated with CZ's dog, continues to attract attention and competition within the BNB Chain ecosystem. CZ's potential engagement with select Broccoli-based meme coins amplifies the excitement surrounding such projects.