The memes market cap experienced a sharp "flash crash" to $14.29 million, but has since recovered to $18 million.

BlockBeats News, January 21st, according to GMGN market data, the market value of a new Meme coin "memes" in the BSC ecosystem experienced a short-term "pin" drop to $14.29 million, and has now rebounded to $18 million, with a 24-hour trading volume rising to $37.9 million.

It is reported that "memes" originated from a tweet posted earlier today by the official White House account stating "The winning will continue. The deportations will continue. The memes will continue." After Binance CEO Changpeng Zhao retweeted this tweet, a sharp rise began.

BlockBeats Note: Meme coins are highly volatile, relying heavily on market sentiment and concept hype, with no actual value or use case. Investors should be aware of the risks.