【Block Rhythm】The Meme coin market has been making waves again recently. Yesterday (January 11), the Chinese Meme coin "老子" went viral, with its market cap breaking through the 11 million dollar mark, specifically valued at $11.18 million, setting a new all-time high. And it's been rising incredibly fast, surging 44.37% in just 1 hour, which is honestly quite absurd.
The origin of this coin is also quite interesting. It's said to be inspired by a tweet from a well-known figure in the industry. You know how it is—the Web3 community loves things with stories and memes. Often, a good narrative or topic can trigger market sentiment explosions.
But let's be honest, Meme coins are fundamentally about coexisting risks and opportunities. Price volatility is extreme, basically sustained entirely by market hype and concept speculation, with no real utility or intrinsic value backing it. The surges are certainly thrilling, but crashes can be equally dizzying. So if any of you are tempted by these types of coins, you absolutely must