According to GMGN data, DOYR, the meme coin of the BNB Chain ecosystem, has increased by more than 20% in the past 6 hours, with a latest market value of approximately US$15.38 million and a cumulative trading volume of US$45 million.
Source of attention
The news originated from Binance co-CEO He Yi mistakenly wrote "DOYR" instead of "DYOR (Do Your Own Research)" in a tweet.
CZ subsequently retweeted and clarified, "DOYR = DO Your meme? Posting this tweet does not imply endorsement of any meme or symbol." Both Binance founders emphasized that users should be aware of investment risks.
Data and Market Pulse
The rapid surge in market capitalization and trading volume reflects the immediate impact of community buzz on the price of Meme Coin. In this instance, the market capitalization reached approximately $15.38 million, with a two-hour increase of over 45% and a cumulative trading volume of approximately $41.4 million, demonstrating the rapid accumulation of funds based on the intensity of the topic. The platform also reminds users to be aware of the high volatility of this type of asset.
Risk Warning
BlockBeats points out that meme coins often lack real-world use cases and experience significant price volatility; the recent upward movement was primarily driven by community narratives and short-term sentiment. Investors should adhere to the "DYOR" (Time-of-Origin) principle and avoid being swayed by short-term FOMO (Fear of Missing Out).
