How long can the popularity of Chinese Tickers last? Recently, major exchanges have been updating their activity rules, and ecosystem competition is becoming increasingly fierce.
A leading exchange launched an activity for a Chinese Meme coin called "Laozi." As soon as the news broke, this coin surged nearly 80% in a short period, but then it retraced. Since the listing announcement, the price has fallen by 14%, and the current market capitalization remains around $10.5 million.
This wave of market activity reflects both the enthusiasm of the market and the volatility of the Chinese Meme coin track.
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SatoshiChallenger
· 6h ago
An 80% increase is enough to get excited? Data shows that the survival rate of such coins after three months does not exceed 12%. Ironically, there are always people who believe they are part of that 8%.
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ChainPoet
· 6h ago
Laozi increased by 80% then dropped 14%, this is the fate of meme coins—popularity comes quickly and goes just as fast.
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MetaMisery
· 6h ago
Ha, it's the same old trick again. After an 80% increase, they run away. By the way, the name "Laozi" is indeed a bit extreme, but the ones who always make money are the ones harvesting the leeks.
How long can the popularity of Chinese Tickers last? Recently, major exchanges have been updating their activity rules, and ecosystem competition is becoming increasingly fierce.
A leading exchange launched an activity for a Chinese Meme coin called "Laozi." As soon as the news broke, this coin surged nearly 80% in a short period, but then it retraced. Since the listing announcement, the price has fallen by 14%, and the current market capitalization remains around $10.5 million.
This wave of market activity reflects both the enthusiasm of the market and the volatility of the Chinese Meme coin track.