BlockBeats News, December 23rd, according to GMGN monitoring, at 4:00 PM today, after the BNB Chain official account posted a tweet featuring CZ’s image as a “shelf elf,” multiple Meme coins with the same name quickly emerged on the BSC chain. Among them, the earliest issued token briefly spiked to a market value of $200,000. Monitoring shows that there are 22 relevant insider trading addresses, and another 314 wallets have appeared that use MEV for bundled batch transactions.
However, shortly after the tweet was posted, it was deleted, and the corresponding Meme coin’s market value plummeted to $13,000. Against the backdrop of a recent downturn in the market and a lack of liquidity, the market is highly sensitive. Some traders are closely watching major official announcements to find a narrative opportunity. The phenomenon of similar rapid speculation through bundled transactions and insider trading has also significantly increased. He Yit, who had previously replied on Platform X, stating, “You don’t need to look for angles in official Vs or editors. Such Memes will not be worth watching in the future.”
BlockBeats reminds users that Meme coin trading is highly volatile, relies heavily on market sentiment and concept speculation, has no actual value or use case, and investors should be aware of the risks.
