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Meme coin market experiences extreme fluctuations: "Laozi" drops 20%, "Dark Horse" surges 519%
【Blockchain Rhythm】 Yesterday, the performance of two Meme coins in the market was vastly different—one plummeted while the other surged.
The Chinese Meme coin “Laozi” has experienced significant fluctuations recently. Its market cap briefly dropped below $9 million, but has now recovered to around $9.5 million. Since the announcement of its launch, the price has fallen by 20%, and in the past 24 hours, it has dropped by another 10%.
In contrast, “Black Horse” performed much more strongly. Its market cap once surpassed $10 million, and is now at $8.9 million. Since the announcement, this coin has increased by 519%, and in the last 24 hours, it has surged by 313%.
Honestly, Meme coin markets are like this—extremely volatile. These types of coins mainly rely on hype and concept speculation, with little practical use or application scenarios. Investors should carefully consider the risks before participating and not be blinded by the rapid gains.
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It's another emotional coin, another concept hype. I think this wave of Dark Horse can only last a few days at best.
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A 519% increase sounds great, but you have to think about how many people bought in at high prices...
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Meme coins, making money depends entirely on luck and courage. Losing money can happen quickly.
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If I drop like this, I bet a lot of people are trapped. That's why you need to stay calm.
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The Dark Horse is popular now, but I'm more interested in when it cools off.
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No matter how crazy the rise, it's a bubble. Coins without fundamentals will eventually have to settle accounts.
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At the end of the day, it's still gambling. Meme coins are just big casinos.