「Laozi」 Plunges Over 40% in 4 Hours, Market Cap Drops to $6.11 Million

BlockBeats News, January 10, according to GMGN market data, the Chinese Meme coin "Laozi" plummeted more than 40% in the past 4 hours, with a market value dropping to $6.11 million, after previously peaking above $10 million. This Chinese Meme concept coin is based on a tweet by Binance CEO Changpeng Zhao.

BlockBeats Note: Meme coins experience significant trading volatility, often driven by market sentiment and hype around a concept, lacking actual value or use case. Investors should be aware of the risks.