In the early hours of New Year's Day 2026, BROCCOLI714 was suspected of being hit by a hacker attack or abnormal market maker activity, resulting in a violent surge of over 10 times in value, amounting to tens of millions of US dollars. Vida, the founder of Equation News, was alerted by the surge warning and quickly identified the anomaly by observing the order book. He decisively executed a precise strategy of "closing out hedging positions, waiting for the circuit breaker to trigger a long position, canceling orders at the top to escape the peak, and then shorting to reap the profits," successfully earning a net profit of 1 million US dollars on the first day of the new year.
The price of Broccoli, the coin named after CZ's beloved dog, has risen abnormally.
On February 13th, CZ shared on Twitter that his pet dog (a pit bull) was named Broccoli, causing an immediate uproar in the cryptocurrency market. Various meme coins bearing the name "Broccoli" emerged and experienced explosive growth on chains such as Solana and BNB Smart Chain.
In the early morning of January 1, 2026 (Asian time zone), a market maker's account was suspected of being hacked. The hacker allegedly used $10-20 million to manipulate the price of the BROCCOLI 714-USDT trading pair. Within minutes, the price of Broccoli rose from 0.014 to 0.16, an increase of 1044%.
However, Binance stated that it has not found any signs of hacking and has not received any feedback from institutions or customers.
Formula News Vida uses price alerts and observations of order book layout to inform readers.
Vida, founder of Formula News, used his keen market intuition and sophisticated monitoring system to achieve a net profit of $1 million on the first day of the new year in just one hour through a three-pronged attack: spot arbitrage, long positions in contracts, and short at high levels.
As early as the beginning of November 2025, Vida had established a position of approximately $200,000 in BROCCOLI714 at a cost of $0.016, and also held a separate $500,000 Binance fee arbitrage position. He had previously discovered that market manipulators of these smaller coins often created a large green candle before starting to distribute their holdings. Therefore, he set alerts for "over 30% increase within 1800 seconds" and "huge price difference between spot and futures contracts," which successfully woke him up from his slumber.
Vida said: "My first reaction when I ran to the computer was to close the arbitrage position, because the original hedging position of 500,000 USDT had surged to 800,000 USDT in value on the spot side. As long as the hedging position was closed, the 300,000 USDT profit could be immediately realized. But I found it extremely abnormal. No normal market maker would ignore the price difference and frantically drive up the spot price."
By examining the order book, Vida discovered that a cryptocurrency with a market capitalization of only $40 million at the time had a staggering 26 million USDT in buy orders in its spot market. He deduced that this was either due to hacking or a problem with the market maker's software, with the intention of artificially inflating the spot price to drive up the futures price and profit from it. As long as the buy orders weren't withdrawn, the price would continue to rise. Vida attempted to long, but found that Binance had already triggered its circuit breaker mechanism, which only allowed for partial profit reduction.
Vida immediately decided: "Wait for the circuit breaker to end, then aggressively go long." He tried placing an order every 5-10 seconds, and finally successfully added 200,000 USDT long contracts at a cost of 0.046.
Vida earned $1 million on the first day of the new year.
At 4:20 AM: The hacker cancelled the buy order midway, alerting Vida to the possibility of Binance's risk control intervention. To be on the safe side, at 4:20:52 AM, he began selling all his positions regardless of cost. He realized a total of $1.5 million from his original holdings and subsequent long positions.
However, the hacker placed the buy order again a minute later, causing the price to surge to 0.15. Although he missed out on the last bit of profit, Vida remained absolutely calm. At 04:31, the hacker indeed cancelled the order; he had opened a short position of $400,000 on Binance at an opening price of 0.065, and finally closed the position at 0.02.
This article, "Binance Broccoli goes on a firework spree! Surges 1000% in the early morning, Equation News: Vida earns millions of dollars on the first day of 2026," first appeared on ABMedia ABMedia .
