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CZ's Statement Leads to Slight Decline in Chinese Meme Coins on BSC Chain, Life K Line Price Drops Over 20% in Short Time
Summary: According to GMGN monitoring, CZ's statement, while not opposing Meme coins, warns that blindly following trend tweets to trade Meme coins will likely result in losses. The market interprets this statement as a negative attitude towards official IP-derived Meme projects on its platform. As a result, several Chinese Meme coins on the BSC chain have ...
According to GMGN monitoring, CZ's statement, while not opposing Meme coins, warns that blindly following trend tweets to trade Meme coins will likely result in losses. The market interprets this statement as a negative attitude towards official IP-derived Meme projects on its platform. As a result, several Chinese Meme coins on the BSC chain have experienced varying degrees of decline, with Life K Line price dropping over 20% in 1 hour. Specific information is as follows:
Wo Tamale: 6% decrease in 1 hour, market cap currently at $26.65 million, current price around $0.026;
Laozi: 11% increase in 1 hour, market cap currently at $11.49 million, current price around $0.011;
Life K Line: 23% decrease in 1 hour, market cap currently at $11.15 million, current price around $0.011;
Users are reminded that Meme coin trading is highly volatile, relying heavily on market sentiment and concepts, with no actual value or use case. Investors should be cautious of risks.
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Link: CZ's Statement Leads to Slight Decline in Chinese Meme Coins on BSC Chain, Life K Line Price Drops Over 20% in Short Time [Copy]
