On January 14th, according to GMGN monitoring, the market as a whole rebounded today, but Chinese Meme coins showed significant divergence in performance. The BSC on-chain Meme coin "Binance Life" saw a 24-hour increase of 45%, with a market capitalization of $260 million and a current price of approximately $0.26. In contrast, several Chinese Meme coins that had previously seen significant gains did not follow the market upward trend, but instead generally declined, with drops approaching 40% in the past 24 hours. Details are as follows:
"I'm here!": 24-hour drop of 39%, market capitalization temporarily at $16.9 million, currently priced at approximately $0.0169;
"Laozi": Up 39% in 24 hours, market capitalization is currently $7.9 million, and the stock is priced at approximately $0.0079.
"Life K-line": Down 46% in 24 hours, market value temporarily at US$7.65 million, currently priced at approximately US$0.0076;
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.
