Some BSC Meme Coins Experience Counter-Trend Rally, "I'm On Fire" Meme Coin Hits New All-Time High

BlockBeats News, February 1st, according to GMGN monitoring, some meme coins on BSC counter-trended and broke through their previous highs.

BULLA saw its market value approach nearly $400 million around 4 a.m., setting a new all-time high, then fell back to $300 million, now trading at around $0.311, with a 24-hour increase of 164% and a trading volume of $98.8 million.

The Chinese meme coin "I Stepped on the Horse" surged past a $50 million market value, now trading at around $0.05, with a 24-hour increase of 68% and a 24-hour trading volume of $21 million.

BlockBeats reminds users that meme coins often lack practical use cases, have large price fluctuations, and investment should be approached with caution.