BlockBeats News, January 13, according to... GMGN Monitoring It was shown, or influenced by CZ's statement in a tweet that "he does not oppose Meme coins, but blindly following hype and trading Meme coins based on tweets will likely result in losses," which was interpreted by the market as a negative stance toward Meme projects on his platform labeled as "official IP derivatives." As a result, multiple Chinese Meme coins on the BSC chain experienced varying degrees of decline. The price of "Life K-Line" dropped more than 20% within one hour. Details are as follows:
"I'm here": 6% drop in 1 hour, market cap is temporarily reported at 26.65 million USD, current price is approximately 0.026 USD;
"Laozi": 11% increase in price over 1 hour, market cap temporarily reported at $11.49 million, current price is approximately $0.011;
"Life K-line": 23% drop in 1 hour, market cap temporarily reported at $11.15 million, current price is approximately $0.011;
BlockBeats reminds users that Meme coins experience significant trading volatility, largely relying on market sentiment and concept hype, without actual value or use cases. Investors should be aware of the risks.