On December 23, according to GMGN monitoring , after the official BNB Chain account posted a tweet featuring CZ's image as a "little elf on a shelf" at 4 PM, multiple Meme coins with the same name quickly appeared on the BSC chain. The market value of the earliest issued token briefly surged to $200,000. Monitoring showed that there were 22 related front-running addresses, and another 314 wallets using MEV for bundled bulk transactions appeared.
However, the tweet was deleted shortly after it was posted, and the market value of Meme coin subsequently plummeted to $13,000. Amidst the recent sluggish market and lack of liquidity, the market is highly sensitive, with some traders closely monitoring Official Twitter for narrative opportunities. Similar phenomena of rapid speculation through bundled trading and insider trading have also increased significantly. He Yi previously responded on the X platform, stating, "People don't need to look for angles in official accounts or editors; I won't be reading these kinds of Memes anymore."
BlockBeats reminds users that Meme coin trading is highly volatile, relying heavily on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.
