Following days of anticipation from fans, Zhao, commonly known as “CZ,” clarified that he just wanted to share a photo of his dog Broccoli and will not introduce a memecoin. “I am just posting my dog's picture and name,” Zhao wrote on X on Thursday. “I am NOT issuing a meme coin myself.”

A Broccoli meme coin frenzy has erupted after former Binance CEO Changpeng Zhao, aka CZ, revealed the name of his pet dog on X yesterday.

Binance founder and former CEO Changpeng Zhao revealed his dog's name on X, sparking a bevy of memecoins named after the canine.

Changpeng Zhao, the founder and former CEO of the world’s biggest cryptocurrency exchange, Binance (CRYPTO: BNB), said he will consider a community suggestion of creating a meme coin based on his pet dog,

Changpeng Zhao thinks Binance's crypto asset listing process is "a bit broken." Zhao, who co-founded the exchange, recently took to the social media platform X to discuss Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.