Despite the overall market recovery, Chinese Meme coins on the BSC blockchain have declined somewhat, with some, such as "Dark Horse" and "Life K-line...
TL;DR
Despite overall market recovery, Chinese Meme coins on BSC declined, with 'Dark Horse' and 'Life K-line' dropping over 50%. BlockBeats warns of high volatility and risks in Meme coin trading.
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On January 15th, according to GMGN monitoring , the overall market rebounded today, but Chinese Meme coins did not follow suit and instead generally declined. Among them, several recently popular Chinese Meme coins saw significant price drops, as detailed below:
"I'm here!": 24-hour drop of 36%, market capitalization temporarily at $12.5 million, currently priced at approximately $0.0125;
"Dark Horse": Down 64% in 24 hours, market capitalization temporarily at $4.8 million, currently priced at approximately $0.0048;
"Life K-line": Down 54% in 24 hours, market capitalization temporarily at $4.11 million, currently priced at approximately $0.0041;
"Laozi": Up 53% in 24 hours, market capitalization is currently $3.87 million, and the stock is priced at approximately $0.0038.
BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.