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 Price Nears $657 Resistance as Bearish Wedge Tightens
BNB is trading in a rising wedge formation, nearing strong resistance at $657. Momentum is weakening, indicating potential downside pressure. A breakdown below wedge support could lead to prices declining toward $583-$580, a significant demand zone.
CryptoFrontNews4h ago
United Stables' stablecoin U reaches a milestone of 1 billion tokens in supply on BNB Chain
United Stables announced that its US dollar stablecoin U has reached a supply of 1 billion tokens on the BNB Chain, less than three months after launch. The stablecoin is fully backed 1:1 with reserves, offering real-time on-chain reserve proofs and monthly audits, aiming to create a unified decentralized liquidity for individuals and institutions.
GateNews5h ago
Hash Global Lands $100 Million BNB Commitment
Hash Global has secured a $100 million strategic commitment from YZi Labs for its institutional BNB Holdings Fund. The move signals deeper institutional alignment with the BNB ecosystem and its expanding on-chain economy.
YZi Labs Backs Institutional BNB Fund
Hash Global has announced a
Coinpedia6h ago
BNB Chain: The BNB Beacon Chain will gradually cease operations. Asset holders should transfer their tokens to the BSC chain as soon as possible.
Odaily Planet Daily reports that BNB Chain announced on the X platform that starting today, the BNB Beacon Chain token recovery tool will be phased out in three stages. BNB Beacon Chain asset holders are advised to use the tool to migrate their tokens to BSC as soon as possible for faster processing.
GateNews6h ago
5 Exceptional Memecoins on BNB Chain Surging in the Last 48H – Bullish Picks You Can’t Miss
Trading volume expansion across BNB Chain memecoins indicates renewed short-term speculative rotation.
Larger tokens such as SHIB and FLOKI demonstrated more stable liquidity conditions during volatility.
Smaller-cap assets like WKC and BABYDOGE showed sharper percentage gains but
CryptoNewsLand10h ago
