On December 7, according to GMGN data, the BNB Chain ecosystem's Meme coin DOYR surged over 45% in the past two hours, raising its market capitalization to $15.38 million and its cumulative trading volume to $41.4 million.
Last night, Binance co-CEO He Yi posted a message stating that "finding an angle" from a tweet to issue a coin is a community activity, and users should be aware of the investment risks. (DYOR was mistakenly written as DOYR here). CZ then retweeted this tweet, saying, "DOYR = DO Your meme? Posting a tweet does not imply endorsement of any meme or symbol."
BlockBeats reminds users that Meme coins have few real-world use cases, their prices fluctuate greatly, and investment should be approached with caution.
