BlockBeats News, January 13th, according to GMGN monitoring, influenced by a statement from CZ stating “not against Meme coins, but blindly following meme coin tweets for trading will most likely result in losses,” the market interpreted this statement as a negative attitude towards “official IP derivative” type Meme projects on his platform. Affected by this, several Chinese Meme coins on the BSC chain experienced varying degrees of decline, with the “Life K Line” price dropping over 20% in 1 hour. Details are as follows:
“I Came to Step on the Thunder”: 1-hour decrease of 6%, with a market value of $26.65 million and a current price of approximately $0.026;
“Daddy”: 1-hour increase of 11%, with a market value of $11.49 million and a current price of approximately $0.011;
“Life K Line”: 1-hour decrease of 23%, with a market value of $11.15 million and a current price of approximately $0.011;
BlockBeats reminds users that Meme coin trading has huge fluctuations, relies heavily on market sentiment and hype, has no actual value or use case, and investors should be aware of the risks.
