CZ's pet dog caused the annual meme farce and ended in a barrage of criticism

Author: Nianqing, ChainCatcher

Beijing time in the early morning, after repeatedly twitching appetite, Zhao Changpeng finally released the photo and story of his pet dog Broccoli.

The expected P players and the game makers have been ready and prepared for battle, but including Zhao Changpeng and BNBChain, they did not expect that a small picture of a pet dog would trigger a large-scale meme brawl and a "massacre" of leeks.

Hundreds of Broccoli coins are launched at the same time, and conspiracies are rampant

After Zhao Changpeng’s dog’s name was announced, the Broccoli (broccoli) meme coin with the same name was quickly put on the chain, and hundreds of memes with the same name appeared on BNB Smart Chain. Some projects even directly forked the code template.

As of press time, BNBChain’s Four.Meme platform already has 479 Broccoli-themed tokens, but most of them have very low market capitalizations. Also because of the lack of an official and absolutely authoritative CA, players spent a lot of time "looking for dogs", and most players were also deeply involved in various conspiracy coins and rug disks.

This also led to the result of traffic overflowing to other chains, such as Solana, which is the best at making memes. Currently, there are dozens of broccoli stalk coins on Solana's Pump.fun, but the popularity has declined.

KOL@灯灯说's evaluation is very vivid: the distorted currency circle has become purgatory. The meme field is like the Buddhist classics, "The Great Perfection Preliminary Guidance Text" mentioned: "Once, when a novice monk poured a lot of water and food, a large number of hungry ghosts gathered to fight for food..."

After fermenting for a long time, some people doubled their money and left, some were cut, and some stayed where they were, waiting for the official to support which dog more.

A large-scale stress test

BNB Chain was clearly not prepared for this large-scale stress test.

With the surge in trading volume, BNB Chain began to freeze and crash. Many users said that their transactions were put on hold, resulting in losses. It is reported that the number of unconfirmed transactions on the BNB Chain network once exceeded one million, and 15% of the verification nodes crashed due to memory overflow.

Because the technology seems to expose more problems of the team, such as customer service. KOL @Yuyue published an article titled "An urgent public complaint about the serious dereliction of duty and damage to the brand image of BNBChain market personnel", reflecting that after the Myshell airdrop wallet malfunctioned, the other party had serious professional dereliction of duty in the communication process with the staff, and accused "the arrogance and lack of professionalism shown by the relevant personnel in the recent community communication, which caused substantial damage to the brand reputation of BNB Chain".

There is also a view that this is not a problem of a certain employee, but a strategic disorder and decision-making confusion of BNB Chain/Binance in the face of fierce competition.

To divert traffic to BNB Chain, it has now become a marketing tool for Solana. After experiencing the infrastructure of BNB Chain, people even began to miss Solana.

Changpeng Zhao triggered an annual farce

The prototype originated from a founder who did not like meme coins and had to take risks for the sake of ecology.

Changpeng Zhao has publicly stated that although he is not against Meme coins, Meme coins have become "a bit" strange now, and he encourages and supports "using blockchain technology to build practical applications". After Trump's coin issuance triggered a celebrity craze, he reiterated that there are no plans to launch Meme coins at this stage.

Recently, the Meme coin TST of the Four.meme platform has become popular, and the founder has used his influence to fuel the trend. Zhao Changpeng began to make up for the lessons, asking everyone about the issuance process and mechanism of memecoin, and publicly disclosed his dog. After about a day of thinking, Zhao Changpeng finally disclosed the information about the dog. But he stressed that "I just posted a photo and name of my dog, I will not issue Meme coins first."

In response to the criticism of "playing with investors and playing various guessing games on BSC", Zhao Changpeng said that although these words are harsh, the views are very interesting. He frankly said that he hopes to see more activities on BSC, but due to lack of experience, he did not participate in the issuance or operation of Meme tokens.

But for the top players in the cryptocurrency circle, it is obviously not enough to draw a line with "lack" of experience.

@Crypto Zen Master commented on this: "There are obviously better ways to layout memes, but you default to everyone joining the 'on-chain massacre', don't blame everyone for scolding you" (Changpeng himself also forwarded this comment). In addition, he also said that Zhao Changpeng's influence is indeed great, and his words and deeds, whether he raises dogs or cats, always stir the heartbeat of the market. It is especially amazing that he was "used by malicious harvesters."