【BlockBeats】Yesterday, the Meme coin market on the BSC chain experienced ups and downs. Monitoring data shows that influenced by market key figures’ statement “Don’t blindly follow the trend and trade Meme coins, you are likely to lose money,” investor sentiment has shifted noticeably. This statement was seen by the market as a sign of disapproval of certain official IP derivative Meme projects on the platform.
Once the news broke, several well-known Chinese Meme coins dropped accordingly. Among them, “Life K-line” performed the worst, plunging 23% in one hour, with a current market cap of about $11.15 million and a price around $0.011. “I’m Coming” also didn’t fare well, falling 6% in one hour, with a market cap now at $26.65 million and a quote of $0.026.
Interestingly, the “Laozi” coin actually rose 11% within an hour, with its market cap temporarily holding at $11.49 million and a price of about $0.011, making it an outlier in this wave of decline.
Honestly, Meme coins are like this—extremely volatile. These projects generally lack practical applications and are entirely driven by community sentiment and hype. A single statement or tweet can send prices on a rollercoaster. For retail investors, chasing these coins requires extreme caution; a slight misstep could lead to buying high and getting trapped. Remember one thing: anything without fundamental support, no matter how lively, should be approached with clarity.
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QuorumVoter
· 01-13 07:17
Life K-line is directly cut in half, this is the result of following the trend
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It's the same old story, a single word from a big V causes total defeat, hilarious
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I’ve gained ridiculously this wave, could it be the victory of contrarian operation?
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23% plunge in one hour, luckily I didn’t buy in, escaped a disaster
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Meme coins are like this, today’s god, tomorrow’s dog food
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Wait, I gained 11%? How can this deal be so magical
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The phrase "will most likely lose money" is really spot on, and it has now been proven
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It's another emotional game, how long do the leek farmers still need to learn?
View OriginalReply0
ILCollector
· 01-13 07:15
Damn it, another big show of cutting leeks. I knew it would turn out like this long ago.
View OriginalReply0
TerraNeverForget
· 01-13 07:12
Life's K-line jumps 23% in one hour—now that's a real roller coaster. The big smart ones are starting to harvest the leeks again.
View OriginalReply0
RunWhenCut
· 01-13 07:03
Life K-line directly 23%, it cracked me up. This is what they call "crypto circle risk," brothers.
Meme coins experience significant fluctuations! Multiple tokens on the BSC chain drop accordingly, with the largest decline exceeding 23%
【BlockBeats】Yesterday, the Meme coin market on the BSC chain experienced ups and downs. Monitoring data shows that influenced by market key figures’ statement “Don’t blindly follow the trend and trade Meme coins, you are likely to lose money,” investor sentiment has shifted noticeably. This statement was seen by the market as a sign of disapproval of certain official IP derivative Meme projects on the platform.
Once the news broke, several well-known Chinese Meme coins dropped accordingly. Among them, “Life K-line” performed the worst, plunging 23% in one hour, with a current market cap of about $11.15 million and a price around $0.011. “I’m Coming” also didn’t fare well, falling 6% in one hour, with a market cap now at $26.65 million and a quote of $0.026.
Interestingly, the “Laozi” coin actually rose 11% within an hour, with its market cap temporarily holding at $11.49 million and a price of about $0.011, making it an outlier in this wave of decline.
Honestly, Meme coins are like this—extremely volatile. These projects generally lack practical applications and are entirely driven by community sentiment and hype. A single statement or tweet can send prices on a rollercoaster. For retail investors, chasing these coins requires extreme caution; a slight misstep could lead to buying high and getting trapped. Remember one thing: anything without fundamental support, no matter how lively, should be approached with clarity.