The expectations of being mentioned in the Spring Festival Gala or listed on Binance were not met, causing several Year of the Horse meme coins to experience a sharp price drop last night.

BlockBeats News, February 17th, according to GMGN market information, following the end of the Year of the Horse Spring Festival Gala, and possibly due to the disappointment of being listed on Binance, multiple Chinese meme coins in the BSC ecosystem experienced a rapid sell-off last night. Among them:

The coin "I Stepped on a Horse" started to plummet at 9 p.m. last night, with a 27.17% drop in one hour. As of the time of writing, its market value is now $19.72 million, with a 24-hour decline of 26.12%;

The "Crying Horse," which experienced a rapid surge yesterday afternoon, quickly plummeted at 8 p.m. As of the time of writing, its market value is now $1.3 million, with a 24-hour decline of 59.76%;

In addition, other ultra-low-cap tokens such as the "Bean Bag" also experienced similar rapid sell-offs.

BlockBeats reminds users that meme coin trading is highly volatile, heavily dependent on market sentiment and conceptual speculation, with no actual value or use case. Investors should be aware of the risks.