The market for Meme coins on the BSC chain has cooled down, with most newly popular Meme coins now having a market capitalization of less than $5 million.

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According to BlockBeats, on January 30th, GMGN monitoring shows that BSC on-chain market activity has recently declined. Among the popular BSC on-chain meme coins recently listed on Binance Alpha, "I'm Here" has remained relatively stable, with its market capitalization hovering around $30 million. Most other projects have performed poorly: meme coins listed on Binance Alpha in the past 10 days, such as "1", "CryCryHorse", and memes, have all seen their market capitalization fall below $5 million, and further declined today along with the overall market correction. Memes, in particular, has seen a 30% drop in the past 24 hours, with its market capitalization currently at $4 million.

Other Meme coins launched this month, such as "Black Horse", "Laozi", "Snowball", and "Life K Line", have market capitalizations of less than $5 million, except for "Snowball", which still maintains a market capitalization of $15 million (down about 80% from its recent high).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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