Chinese meme coin "Laozi" hits new all-time high, with a market cap surpassing $11 million

BlockBeats News, January 11th, according to GMGN market data, the Chinese meme coin "Laozi" has a market cap surpassing $11 million, currently at $11.18 million, hitting another all-time high, with a nearly 1-hour increase of 44.37%. This Chinese meme concept coin originated from a tweet by Binance CEO CZ.

BlockBeats Note: Meme coins experience significant price volatility, often driven by market sentiment and speculative concepts, lacking actual value or use case. Investors should be aware of the risks.