"Crypto Sniper's $27M Heist: CZ's Dog Naming Fuels Meme Coin Frenzy"
1min read In a recent turn of events, a savvy crypto trader, often referred to as a "sniper," capitalized on a meme coin frenzy sparked by Binance's former CEO, Changpeng Zhao (CZ), revealing the name of his dog. The opportunistic move resulted in a staggering $27.8 million profit for the trader, while leaving many retail investors with worthless tokens.
The chaos began when CZ casually revealed on Twitter that he owns a Belgian Malinois named Broccoli. Within minutes, traders started creating meme coins inspired by the dog, hoping to capitalize on the hype. A blockchain analytics firm, Lookonchain, later revealed that the sniper had meticulously planned their move. They swiftly deployed multiple wallets and leveraged automated tools to scoop up large amounts of Broccoli tokens before the broader market caught on. Once the hype pushed token prices higher, the sniper strategically offloaded their holdings, converting the gains into Binance Coin (BNB) and eventually swapping it all for Tether (USDT).
WuBlockchain reported that the sniper may have even been involved in developing one of these Broccoli tokens, potentially pushing their total earnings to over $36 million. While the meme coin frenzy made some traders rich, it left many retail investors frustrated and holding worthless tokens. Critics argued that CZ should have foreseen this outcome and taken steps to prevent fraudulent projects from launching under the Broccoli name. Some even speculated that if he had announced an official meme coin on Binance Smart Chain (BSC), it could have prevented scammers from exploiting the situation.
Crypto influencers and investors voiced their frustrations on social media, with some directly calling out CZ for his perceived role in the fiasco. Although there's no indication that he had anything to do with the meme coin launches, his tweet inadvertently set off a speculative rush that left many retail traders burned. This incident serves as a reminder of how easily hype and speculation can dictate short-term market trends in the crypto space. Meme coins thrive on virality, and anything from a tweet to a celebrity endorsement can send traders into a frenzy.
For savvy investors, the incident was a lesson in both opportunity and risk. While the sniper executed their strategy flawlessly, countless others fell victim to FOMO (fear of 
