CZ's Statement Causes Minor Pullback in BSC Meme Coin Price, 'Life K-Line' Plunges Over 20% Temporarily

BlockBeats News, January 13th, according to GMGN monitoring, influenced by CZ's statement "not against Meme coins, but blindly following Meme coin tweets will most likely result in losses," the market interpreted this statement as a negative attitude toward "official IP derivative" type Meme projects on its platform. Influenced by this, several Chinese Meme coins on the BSC chain experienced varying degrees of decline, with the "Life K Line" price plummeting over 20% in 1 hour. Specific information is as follows:

“I'm Here for the Inu”: 1-hour decrease of 6%, current market cap around $26.65 million, current price approximately $0.026;

“Father”: 1-hour increase of 11%, current market cap around $11.49 million, current price approximately $0.011;

“Life K Line”: 1-hour decrease of 23%, current market cap around $11.15 million, current price approximately $0.011;

BlockBeats reminds users that Meme coin trading is highly volatile, highly reliant on market sentiment and concept hype, has no actual value or use case, and investors should be aware of the risks.