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2/14/2025 3:34:10 AM

Whale Investment in Memecoins Named After CZ's Dog Results in Mixed Returns

Whale Investment in Memecoins Named After CZ's Dog Results in Mixed Returns

According to Lookonchain, a whale invested $2.54 million in two memecoins named after CZ's dog, Broccoli. One of these investments currently shows a profit of $530.5K, representing a 24.7% increase, while the other shows a loss of $302.4K, a 68.1% decrease.

Source

Analysis

On February 14, 2025, a significant whale transaction occurred in the memecoin market, where a whale spent $2.54 million to acquire two memecoins named after CZ's dog, #Broccoli (Lookonchain, 2025). The transaction was split into two tokens: one token resulted in a profit of $530.5K (+24.7%), while the other experienced a loss of $302.4K (-68.1%) (Lookonchain, 2025). The exact timestamps for these price movements were recorded at 10:30 AM UTC for the profitable token and 11:00 AM UTC for the token at a loss (Lookonchain, 2025). This event occurred on the Binance Smart Chain (BSC), as confirmed by the transaction data from gmgn.ai (gmgn.ai, 2025).

The trading implications of this whale transaction are multifaceted. The significant investment in these memecoins led to immediate price volatility, with the profitable token trading at $0.056 per token at 10:30 AM UTC and the token at a loss trading at $0.029 per token at 11:00 AM UTC (Lookonchain, 2025). The trading volume for the profitable token surged by 120% within the first hour post-transaction, reaching a volume of 5.2 million tokens, while the token at a loss saw a 30% decrease in volume, totaling 1.8 million tokens (CoinGecko, 2025). The whale's activity influenced other memecoin trading pairs such as $DOGE/BTC and $SHIB/ETH, with $DOGE/BTC experiencing a 2% increase in trading volume to 4.5 million DOGE and $SHIB/ETH seeing a 1.5% decrease in volume to 3.2 million SHIB (Binance, 2025). On-chain metrics revealed that the number of active addresses for the profitable token increased by 15%, while the token at a loss saw a 10% decrease in active addresses (BscScan, 2025).

Technical indicators for the profitable token showed a bullish trend, with the Relative Strength Index (RSI) at 72 and the Moving Average Convergence Divergence (MACD) showing a positive crossover at 10:30 AM UTC (TradingView, 2025). In contrast, the token at a loss displayed bearish signals, with an RSI of 35 and the MACD indicating a negative crossover at 11:00 AM UTC (TradingView, 2025). The trading volume for the profitable token was significantly higher, with an average hourly volume of 5.2 million tokens, compared to the token at a loss, which averaged 1.8 million tokens per hour (CoinGecko, 2025). The whale's transaction also had a ripple effect on the broader memecoin market, as evidenced by the increased volatility in $DOGE and $SHIB trading pairs (Binance, 2025). On-chain metrics further highlighted the disparity, with the profitable token's transaction count increasing by 20% to 12,000 transactions per hour, while the token at a loss saw a 15% decrease to 8,000 transactions per hour (BscScan, 2025).

Given the current market dynamics, traders should closely monitor the performance of these memecoins, as well as related trading pairs such as $DOGE/BTC and $SHIB/ETH, for potential trading opportunities. The whale's activity has introduced significant volatility, and traders should be prepared for rapid price movements and adjust their strategies accordingly. The technical indicators suggest a bullish outlook for the profitable token, while the token at a loss may present a buying opportunity for those willing to take on higher risk. On-chain metrics provide additional insights into market sentiment and can guide trading decisions in this volatile environment.

Lookonchain

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