$CZ $Taiwan $$牛来 $Cashcat #CZ #美联储加息概率升至68% #BTC
Maji Big Brother Huang Licheng promotes “TAIWAN” meme coin, whose market cap briefly surpasses 50 million
On the early morning of September 1, “Maji Big Brother” Huang Licheng minted the “TAIWAN COIN” on the Robinhood Chain, with a total supply of 1 billion coins. Within less than 5 minutes after the token went live, its market cap surged to as high as $1.587 million (about NT$50.3 million). However, the peak did not last long. According to on-chain data cited by crypto media from GMGN, the market cap then dropped 88% in about 8 hours, falling to around $180,000.
What’s special about this meme coin is that its liquidity pool is not paired primarily with ETH or stablecoins; instead, it uses tokenized stock assets on the Robinhood Chain—specifically the TSM (Taiwan Semiconductor Manufacturing Company) tokenized asset. The current mainstream liquidity pool is about $110,000.
From on-chain records, after the 1 billion TAIWAN tokens were minted, all of them were deposited into the liquidity pool. Huang Licheng’s wallet did not retain any tokens, and there was no subsequent evidence of him receiving TSM. This differs from how typical meme coin issuers often keep a portion of the tokens. As a result, some in the community believe he may have mainly been testing Robinhood Chain’s tokenized-stock and trading mechanisms this time.
It’s worth noting that although TAIWAN uses tokenized stock from TSM for its liquidity pairing, this does not mean that TSM (officially) has participated in or endorsed it—the two cannot be directly equated.
In the past, Huang Licheng has repeatedly used high leverage to go long on ETH, leading to frequent liquidations; in the crypto world, he has been nicknamed the “King of Wipes” and the “King of Liquidations.” With the launch of TAIWAN this time, he has again become a focus of market attention.
Maji Big Brother Huang Licheng promotes “TAIWAN” meme coin, whose market cap briefly surpasses 50 million
On the early morning of September 1, “Maji Big Brother” Huang Licheng minted the “TAIWAN COIN” on the Robinhood Chain, with a total supply of 1 billion coins. Within less than 5 minutes after the token went live, its market cap surged to as high as $1.587 million (about NT$50.3 million). However, the peak did not last long. According to on-chain data cited by crypto media from GMGN, the market cap then dropped 88% in about 8 hours, falling to around $180,000.
What’s special about this meme coin is that its liquidity pool is not paired primarily with ETH or stablecoins; instead, it uses tokenized stock assets on the Robinhood Chain—specifically the TSM (Taiwan Semiconductor Manufacturing Company) tokenized asset. The current mainstream liquidity pool is about $110,000.
From on-chain records, after the 1 billion TAIWAN tokens were minted, all of them were deposited into the liquidity pool. Huang Licheng’s wallet did not retain any tokens, and there was no subsequent evidence of him receiving TSM. This differs from how typical meme coin issuers often keep a portion of the tokens. As a result, some in the community believe he may have mainly been testing Robinhood Chain’s tokenized-stock and trading mechanisms this time.
It’s worth noting that although TAIWAN uses tokenized stock from TSM for its liquidity pairing, this does not mean that TSM (officially) has participated in or endorsed it—the two cannot be directly equated.
In the past, Huang Licheng has repeatedly used high leverage to go long on ETH, leading to frequent liquidations; in the crypto world, he has been nicknamed the “King of Wipes” and the “King of Liquidations.” With the launch of TAIWAN this time, he has again become a focus of market attention.
