BlockBeats news, on December 23, according to GMGN monitoring, at 16:00 today, the official BNB Chain account posted a tweet featuring the image of CZ titled “Little Elf on the Shelf,” which quickly led to the emergence of multiple Meme coins with the same name on the BSC chain. The earliest issued token's market capitalization briefly surged to $200,000, with monitoring showing that there were 22 related rat trading addresses, along with 314 wallets engaging in bundled bulk trading using MEV. However, shortly after the tweet was published, it was deleted, and the corresponding Meme coin's market capitalization plummeted to $13,000. Against the backdrop of a persistently weak market and a lack of liquidity, the market is highly sensitive, with some traders closely monitoring major official Twitter accounts for narrative opportunities. The phenomenon of similar rapid speculation through bundled trading and rat trading has also significantly increased. He Yi previously replied on X platform, stating, “Everyone doesn't need to find angles in the official V or from the editors; we won't look at this type of Meme in the future.” BlockBeats reminds users that trading in Meme coins is highly volatile, largely dependent on market sentiment and speculative concepts, with no actual value or use cases, and investors should be aware of the risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BNB Foundation Completes 35th Quarterly Token Burn, Destroying 1.569M BNB Worth $1.02B
The BNB Foundation completed its 35th token burn, destroying 1.569 million BNB and reducing the total supply to approximately 134.8 million BNB. The goal is to lower the supply to 100 million BNB, supporting the ecosystem's long-term health.
GateNews04-16 02:16
Genius published a whitepaper after the airdrop, and the token surged 850%—market cap broke past 800 million
Genius launched an airdrop on April 14, and the token value surged by 850%; at one point, FDV exceeded $820 million. The platform’s core is built around three key development directions, including privacy transactions, actively managed liquidity AMMs, and binary options tools. It designs a refund mechanism to protect users and promote token stability, but liquidity risk must be kept in mind.
MarketWhisper04-14 03:13
Nine newly created wallets withdrew 87.76 million BNB from a certain CEX, worth $14.9 million
Gate News update: On April 13, according to Lookonchain monitoring, within the past 24 hours, 9 newly created wallets withdrew 87.76 million BNB from a certain CEX, worth $14.90 million.
GateNews04-13 05:30
Suspected BNB Life market manipulators extracted 57.88 million tokens, with on-chain holdings reaching 11.7% of the total supply
According to on-chain analysts monitoring, suspected BNB Life market manipulators have withdrawn 57.88 million BNB Life tokens from a certain CEX through multiple wallets, and the price has surged significantly recently. The market manipulator currently holds about 116.9 million BNB Life tokens, representing 11.7% of the total supply.
GateNews04-13 04:10
BNB Chain Flags Critical Update Ahead of April 28 Hard Fork - U.Today
The Osaka/Mendel hard fork on BSC will launch on April 28, requiring node operators to update to BSC v1.7.2. The upgrade enhances block construction, transaction handling, and introduces a gas limit cap for improved network stability.
UToday04-13 01:37
