Data: The Chinese Meme coin "Laozi" plummeted over 40% in 4 hours, with its market capitalization falling to $6.11 million.

According to Mars Finance, GMGN market data shows that the Chinese meme coin "Laozi" has fallen by over 40% in the past four hours, with its market capitalization dropping to $6.11 million, after previously exceeding $10 million. This Chinese meme coin originated from a tweet by Binance CEO He Yi. Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the risks.