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Recently, Chinese Meme coins on a certain public chain have been quite lively. According to market data, several projects have started to emerge.
The market cap of "Binance Life" is now around $172 million, reaching a high of $177 million at one point, with a 24-hour increase of over 20%. "I'm Coming" is even more aggressive, with its market cap surging past the $50 million mark and now pulling back to $43.95 million, but still up by 96% over the past 24 hours.
Attentive observers will notice that a few projects have seen even more exaggerated gains. "Life K-line" soared from a high of $29 million to now $21 million, but its 24-hour increase is as high as 468%. "Customer Service Xiao He" has surpassed the $6 million market cap, with a 56% increase. The "Cultivation" project has broken through $4 million in market cap, with over 100% growth in 24 hours.
This wave of market activity clearly indicates that funds are paying close attention to this type of Chinese Meme concept. Although the gains are astonishing, the risks of Meme coins are well known—high volatility and easy to crash. Interested friends should still exercise caution.