On January 18, the Meme token “1” (Ucan fix life in1day, meaning changing life in one day) on BNB Chain quickly attracted market attention after its launch. According to on-chain data monitoring, the trading volume of this token reached $12.3 million within just 6 hours. This explosive growth vividly reflects the spread of FOMO sentiment in the current Meme coin market.
Market Cap Soars, Investors Should Be Cautious
Even more noteworthy is the performance of the token’s market cap. “1” briefly surpassed $10 million in market cap during its early days, although it has now fallen back to $7.6 million. Such rapid increases in both trading volume and market cap within a short period highlight the market’s activity and also expose the risk behaviors driven by FOMO among investors.
Investing in Meme Coins Requires Caution
It is important to note that Meme tokens, as a special category of cryptocurrencies, mostly lack practical use cases and fundamental support. Their prices are highly volatile, making them prone to “hot potato” scenarios. Investors participating in such high-risk assets should evaluate rationally, avoid being misled by short-term gains, and remain vigilant against the investment traps brought by FOMO emotions.
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Meme coin 「1」 sparks FOMO within half a day of launch, with trading activity far exceeding expectations
The FOMO Phenomenon Behind the Explosive Trading
On January 18, the Meme token “1” (Ucan fix life in1day, meaning changing life in one day) on BNB Chain quickly attracted market attention after its launch. According to on-chain data monitoring, the trading volume of this token reached $12.3 million within just 6 hours. This explosive growth vividly reflects the spread of FOMO sentiment in the current Meme coin market.
Market Cap Soars, Investors Should Be Cautious
Even more noteworthy is the performance of the token’s market cap. “1” briefly surpassed $10 million in market cap during its early days, although it has now fallen back to $7.6 million. Such rapid increases in both trading volume and market cap within a short period highlight the market’s activity and also expose the risk behaviors driven by FOMO among investors.
Investing in Meme Coins Requires Caution
It is important to note that Meme tokens, as a special category of cryptocurrencies, mostly lack practical use cases and fundamental support. Their prices are highly volatile, making them prone to “hot potato” scenarios. Investors participating in such high-risk assets should evaluate rationally, avoid being misled by short-term gains, and remain vigilant against the investment traps brought by FOMO emotions.