"Laozi" (a stock name) has surpassed $6 million in market capitalization, and has surged another 150% in the past 6 hours.

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.