The Chinese meme fever is taking over the BSC ecosystem, with Binance updating its spot trading system to support Chinese trading pairs.

BlockBeats News, December 15, according to GMGN market information, the Chinese meme coins in the BSC ecosystem experienced a general surge this afternoon. As of the time of writing:

「BinanceLife」 saw a single-day surge of over 12%, with a current market value of 134 million US dollars;

「Hakimi」 saw a single-day surge of over 7.25%, with a current market value of 30.6 million US dollars;

Earlier reports indicated that Binance's spot trading log update revealed that UTF-8 format encoding will gradually be supported in the next two weeks. UTF-8 format encoding means that it will support spot trading pairs for multiple languages or symbols, such as Chinese.

BlockBeats reminds users that meme coin trading is highly volatile, relying heavily on market sentiment and speculative concepts, with no actual value or use case. Investors should be aware of the risks.