"Laozi" Meme Coin drops 40% in 4 hours: market cap halved to $6.11 million, beware of emotional hype risks

2026-01-10 15:54:13

Abstract generation in progress

【BlockBeats】On January 10th, the Chinese Meme coin “Laozi” dropped over 40% within just 4 hours, with its market capitalization falling from over 10 million USD to 6.11 million USD. This concept coin initially gained attention due to a tweet from the CEO of a major exchange, quickly attracting a wave of speculators.

From the data, this sharp decline fully reflects the true nature of the Meme coin market—completely driven by market sentiment and hype. Large price fluctuations and rapid market cap shrinkage actually indicate capital inflows and outflows rather than changes in fundamentals. After all, these types of coins lack actual application value or business logic support.

For participants, trading Meme coins requires particular caution. High volatility means high risk; it could double today and be halved tomorrow. The key is to recognize the essence of such assets—they derive their value entirely from market consensus and emotional driving forces. Once the hype fades, the consequences are often severe. Be sure to assess your risk tolerance before investing.

老子41,6%

MEME-1,14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes