【Blockchain Rhythm】The Meme coin “1” on the BSC chain has recently maintained its popularity with a strong market trend. Monitoring data from January 20th shows that the market capitalization of this coin briefly surpassed $17 million, reaching a new high. The current market cap is stable around $15.53 million, with a 24-hour trading volume of $19.34 million, and the number of addresses holding the coin has exceeded 5,700.
There is an interesting story behind this market movement. The narrative concept of this coin is based on an article titled “How to fix your entire life in 1 day.” This article was briefly reposted by a well-known figure on the afternoon of the 18th, which then triggered market attention and participation enthusiasm.
However, it is important to remind that Meme coin trading always carries significant risks. These types of tokens often rely on market sentiment and hype around concepts to drive prices, lacking real utility or application scenarios. Investors should be cautious and fully aware of the risks involved.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
4
Repost
Share
Comment
0/400
Ser_APY_2000
· 10h ago
Another thing that takes off just because a big V retweets it—I've seen this trick too many times.
View OriginalReply0
TideReceder
· 10h ago
It's the same old hype narrative... A well-known person just sharing it can push the market cap to 17 million, it cracks me up.
View OriginalReply0
EyeOfTheTokenStorm
· 11h ago
Another Meme coin that was promoted and hype by celebrities. Based on historical data, projects that experience short-term rapid surges are often not very good...
5700 addresses sound like a lot, but I haven't seen any real bottoming pattern at all. The risk coefficient generated by the quantitative model is a bit high.
Breaking 17 million market cap in a day to set a new high? I find it hard to believe. It feels like they're paving the way for the subsequent bagholders.
From a technical perspective, this wave of gains has already deviated too far from the fundamentals. Traders doing T+ should be careful not to chase the high.
Honestly, how long can the hype around "Healing Life in One Day" last? The market cycle should be due for a correction. Don't let emotions cloud your judgment.
Translation-wise, there's no business logic here, purely driven by concepts. This is the fate of Meme coins.
Another round of leek harvest. Although the trading volume looks hot, my risk radar is already at full alert.
View OriginalReply0
MoonBoi42
· 11h ago
It's another gimmick where a celebrity's repost can pump the market; I've seen this trick countless times.
BSC Chain Meme Coin「1」 reaches a new all-time high: market capitalization surpasses $17 million, 24-hour trading volume exceeds $19 million
【Blockchain Rhythm】The Meme coin “1” on the BSC chain has recently maintained its popularity with a strong market trend. Monitoring data from January 20th shows that the market capitalization of this coin briefly surpassed $17 million, reaching a new high. The current market cap is stable around $15.53 million, with a 24-hour trading volume of $19.34 million, and the number of addresses holding the coin has exceeded 5,700.
There is an interesting story behind this market movement. The narrative concept of this coin is based on an article titled “How to fix your entire life in 1 day.” This article was briefly reposted by a well-known figure on the afternoon of the 18th, which then triggered market attention and participation enthusiasm.
However, it is important to remind that Meme coin trading always carries significant risks. These types of tokens often rely on market sentiment and hype around concepts to drive prices, lacking real utility or application scenarios. Investors should be cautious and fully aware of the risks involved.