"Laozi" (a stock name) has surpassed $6 million in market capitalization, and has surged another 150% in the past 6 hours.
AI Summary1 min read
TL;DR
Chinese meme coin 'Laozi' briefly exceeded $6 million market cap, surging 150% in 6 hours after Binance CEO's tweet, but investors should note high volatility and risks.
Tags
Laozimeme coinmarket capitalizationBinancecryptocurrency risk
On January 10th, according to GMGN market data, the market capitalization of the Chinese meme coin "Laozi" briefly exceeded $6 million, reaching a new high, and is currently trading at $6.23 million. This Chinese meme originated from a tweet posted 10 hours earlier by Binance CEO He Yi.
BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.