CZ's statement caused a slight decline in the price of Chinese Meme coins on the BSC chain, with the price of "Life K Line" dropping over 20% temporarily

According to GMGN monitoring, influenced by CZ's statement that "I do not oppose Meme coins, but blindly following tweets to trade Meme coins will likely result in losses," this statement has been interpreted by the market as a negative attitude towards "official IP derivative" Meme projects on its platform. As a result, several Chinese Meme coins on the BSC chain have experienced varying degrees of decline, with the price of "Life K Line" dropping over 20% within 1 hour. Specific information is as follows:

• "I’m coming": 1-hour decline of 6%, market cap currently reported at 26.65 million USD, current price approximately 0.026 USD;

• "Old man": 1-hour increase of 11%, market cap currently reported at 11.49 million USD, current price approximately 0.011 USD;

• "Life K Line": 1-hour decline of 23%, market cap currently reported at 11.15 million USD, current price approximately 0.011 USD;

ChainCatcher reminds users that trading Meme coins is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case. Investors should be aware of the risks.