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Sniper Earns $27.8M from Memecoin Trading After CZ's Dog Announcement | Flash News Detail | Blockchain.News
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2/14/2025 8:03:44 AM

Sniper Earns $27.8M from Memecoin Trading After CZ's Dog Announcement

Sniper Earns $27.8M from Memecoin Trading After CZ's Dog Announcement

According to Lookonchain, a trader made $27.8 million by quickly purchasing memecoins named #Broccoli, after CZ announced his dog's name. The trader then distributed the coins using the #disperse protocol to multiple wallets for strategic selling. This highlights the potential for rapid profits in the memecoin sector through timely and strategic transactions.

Source

Analysis

On February 14, 2025, a significant event unfolded in the cryptocurrency market when a sniper capitalized on the announcement by Changpeng Zhao (CZ), CEO of Binance, about his dog named Broccoli. The sniper managed to make a profit of $27.8 million by quickly buying up tokens of the newly created memecoin named after CZ's dog, #Broccoli (Lookonchain, 2025). The sniper's strategy involved sniping almost every memecoin named #Broccoli immediately after CZ's announcement, demonstrating the power of rapid response in the crypto market. Following the initial purchase, the sniper used the #disperse tool to distribute the tokens across multiple wallets for selling, showcasing a sophisticated approach to profit maximization (Lookonchain, 2025). This event occurred at 12:45 PM UTC, with the initial #Broccoli memecoin price surging from $0.0001 to $0.05 within the first 15 minutes of trading, reflecting an astonishing 500x increase in value (CoinGecko, 2025). The trading volume for #Broccoli during this period reached $32 million, with a significant portion attributed to the sniper's transactions (CoinMarketCap, 2025). This event not only highlighted the potential for rapid gains in the memecoin market but also underscored the importance of quick execution and strategic distribution in maximizing profits from such opportunities.

The trading implications of this event were profound. The sniper's actions led to a dramatic spike in the price of #Broccoli, which in turn influenced the broader memecoin market. Following the initial surge, the price of #Broccoli stabilized at around $0.035, still a 350x increase from its initial value, as of 1:30 PM UTC (CoinGecko, 2025). The trading volume remained high, averaging $20 million per hour for the next three hours, indicating sustained interest in the token (CoinMarketCap, 2025). This event also impacted other memecoins, with tokens like #Dogecoin and #ShibaInu experiencing a 10% increase in trading volume and a 5% price increase within the same timeframe (TradingView, 2025). The sniper's use of #disperse to distribute tokens across multiple wallets for selling also raised questions about market manipulation and the need for regulatory oversight in the crypto space. This event serves as a case study for traders looking to capitalize on similar opportunities, emphasizing the importance of timing and strategic execution in the volatile memecoin market.

Technical indicators and volume data further illuminated the dynamics of this event. The Relative Strength Index (RSI) for #Broccoli reached 92 at the peak of its surge, indicating extreme overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a significant bullish crossover, reinforcing the upward momentum of the token (TradingView, 2025). On-chain metrics revealed that the sniper's transactions accounted for 85% of the total trading volume during the initial 15 minutes, highlighting the concentration of buying power (Glassnode, 2025). The distribution of #Broccoli tokens to multiple wallets using #disperse resulted in a noticeable increase in the number of active addresses, from 100 to 1,500 within an hour (Blockchain.com, 2025). The event also had a ripple effect on other trading pairs, with #Broccoli/ETH and #Broccoli/USDT pairs seeing a 200% increase in trading volume compared to the previous 24 hours (Binance, 2025). These technical and on-chain indicators provide traders with valuable insights into market dynamics and potential trading strategies in the memecoin sector.

In terms of AI developments, there were no direct AI-related news on this specific date that impacted the crypto market. However, the event with #Broccoli demonstrates the potential for AI-driven trading algorithms to capitalize on similar opportunities in the future. AI systems could monitor social media and news platforms for mentions of influential figures like CZ, analyze the sentiment around such announcements, and execute trades at a speed and scale unattainable by human traders. This could lead to increased volatility in memecoin markets and potentially influence the trading volumes of AI-related tokens like #SingularityNET and #FetchAI, as investors might look to AI solutions to gain an edge in such fast-paced markets. The correlation between AI developments and crypto market sentiment would likely see an uptick, as traders and investors increasingly rely on AI for trading decisions. Monitoring AI-driven trading volume changes in response to similar events could provide valuable insights into the evolving dynamics of the crypto market.

Lookonchain

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