"Laozi" Market Cap Surges Past $10 Million, Reaching New All-Time High

BlockBeats News, January 10th, according to GMGN market data, the Chinese Meme coin "Laozi" saw its market cap briefly surpass $10 million, hitting a new all-time high, and is now trading at $9.22 million, with a 24-hour surge of 171%. This Chinese Meme concept coin originated from a tweet by Binance CEO Changpeng Zhao.

BlockBeats Note: Meme coins are highly volatile, mostly driven by market sentiment and hype around a concept, without practical value or use case. Investors should be aware of the risks.