The Meme coin "1" on the BSC chain has recently become extremely popular. On January 20th, its market capitalization once surged to a historic high of $17 million, then retreated to around $15.53 million. Its 24-hour trading volume skyrocketed to $19.34 million, and the number of holding addresses exceeded 5,700.
Where does this coin's popularity come from? We really have to thank Elon Musk. An article titled "How to fix your entire life in 1 day" was briefly reposted by him on the afternoon of the 18th, and as a result, it became the narrative source for this coin, directly igniting market sentiment.
But to be clear—Meme coins are highly volatile. Essentially, they are built on market hype and concept speculation, with no real value or practical use cases. Participants need to be aware of the risks and not be blinded by the price surges.
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Layer3Dreamer
· 10h ago
theoretically speaking, if we map this meme coin's volatility onto a recursive incentive structure... the elon effect is basically just a cross-rollup liquidity trigger masquerading as narrative, ngl
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DAOplomacy
· 11h ago
musk tweets once and suddenly we're all supposed to believe in "governance primitives" around a meme coin lmao. historically speaking, these viral narratives tend to expose rather non-trivial externalities in market microstructure
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TokenDustCollector
· 11h ago
A single word from Musk can pump the market; this routine is so worn out.
It's another meme coin frenzy; those who get in are all gamblers.
From 17 million to 15.53 million, dropping so quickly—who's going to buy the dip?
The gains are tempting, but the risk is even greater. Wake up, brothers.
This is the standard process of harvesting retail investors.
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StakoorNeverSleeps
· 11h ago
Elon Musk's single retweet and it takes off immediately. We've seen this routine too many times.
It's another game of hot potato; be careful, the bagholders.
The gains look good, but you can't run away when the price crashes.
Don't get cocky; I really can't handle this kind of coin.
The Meme coin "1" on the BSC chain has recently become extremely popular. On January 20th, its market capitalization once surged to a historic high of $17 million, then retreated to around $15.53 million. Its 24-hour trading volume skyrocketed to $19.34 million, and the number of holding addresses exceeded 5,700.
Where does this coin's popularity come from? We really have to thank Elon Musk. An article titled "How to fix your entire life in 1 day" was briefly reposted by him on the afternoon of the 18th, and as a result, it became the narrative source for this coin, directly igniting market sentiment.
But to be clear—Meme coins are highly volatile. Essentially, they are built on market hype and concept speculation, with no real value or practical use cases. Participants need to be aware of the risks and not be blinded by the price surges.