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CZ's statement causes a slight decline in Chinese Meme coins on the BSC chain, with the "Life K-line" price dropping over 20% in the short term
BlockBeats News, January 13th, according to GMGN monitoring, shows that influenced by CZ’s statement “not opposed to Meme Coins, but blindly following trends and trading Meme Coins will most likely lead to losses,” this statement was interpreted by the market as a negative attitude towards Meme projects based on “official IP derivatives” on their platform. As a result, several Chinese Meme Coins on the BSC chain experienced varying degrees of decline, with “Life K Line” dropping over 20% within an hour. The specific information is as follows:
“I Came Damn It”: 1-hour decline of 6%, market cap temporarily reported at $26.65 million, current price approximately $0.026;
“Old Man”: 1-hour increase of 11%, market cap temporarily reported at $11.49 million, current price approximately $0.011;
“Life K Line”: 1-hour decline of 23%, market cap temporarily reported at $11.15 million, current price approximately $0.011;
BlockBeats reminds users that Meme Coin trading is highly volatile, largely dependent on market sentiment and hype, and lacks actual value or use cases. Investors should be cautious of risks.