BlockBeats News, February 17th, according to GMGN market data, following the end of the Year of the Horse Spring Festival Gala, and possibly due to the disappointment of not being listed on Binance as expected, several Chinese New Year-themed meme coins in the BSC ecosystem experienced a rapid price drop last night. Among them:
The coin “Here Comes the Horse” started plummeting at 9 p.m. last night, with a 27.17% drop in one hour. As of the time of writing, the market cap is now $19.72 million, with a 24-hour decrease of 26.12%;
The “Crying Horse” experienced a rapid surge yesterday afternoon, followed by a quick drop at 8 p.m. As of press time, its market cap is now $1.3 million, with a 24-hour decline of 59.76%;
In addition, other ultra-low-cap tokens such as the “Bean Bag” also saw similar rapid price drops.
BlockBeats reminds users that meme coin trading is highly volatile, mostly driven by market sentiment and conceptual hype, with no real value or use case. Investors should be aware of the risks.
