BSC On-Chain Chinese Narrative Heat Continues, Prices Experience Slight Pullback

BlockBeats News, October 9th, according to GMGN data monitoring, due to the concentrated outbreak of the Binance ecosystem narrative, the 24-hour trading volume of the BSC chain has surpassed Solana to become the top public chain. The meme fever in the BSC ecosystem continues, but the prices of most popular Chinese memes have generally dropped within 6 hours.

Among them, Binance Life had a 24-hour trading volume of $325 million, with a market value exceeding $245 million; 4 had a 24-hour trading volume of $235 million, with a market value of $225 million; and Customer Service Xiaohe had a 24-hour trading volume of $130 million, with a market value of approximately $13.2 million. On the other hand, many new coins such as Binance Car still have high transaction volumes, but their market values have declined significantly.

BlockBeats reminds users that many meme coins have no practical use cases, their prices and trading volumes are highly volatile, and investment should be cautious to avoid blindly following trends.