Memes Sees 2-Hour Rebound of Over 160%, Market Cap Rises to $13.69 Million

BlockBeats News, January 21st, according to GMGN market data, the BSC ecosystem's new Meme coin "memes" rebounded over 160% in nearly 2 hours, with a market cap rising to $13.69 million from a low of $2.68 million, and a 24-hour trading volume increasing to $75.40 million.

It is reported that "memes" originated from a tweet released earlier today by the official White House account stating "The winning will continue. The deportations will continue. The memes will continue." After Binance CEO CZ retweeted the tweet, the coin saw a significant surge, following which CZ removed the retweet.

BlockBeats Note: Meme coins experience huge price volatility, often relying on market sentiment and hype around a concept, with no real value or use case. Investors should be aware of the risks.