Chinese-themed coins have clearly cooled off over the past couple of days.
I checked the Chinese-themed coins on BSC. The one with the highest 24-hour trading volume only did $580,000. A while back, it wasn’t unusual to see several million in volume. Now you can’t find that anywhere.
New launches are cooling off the fastest. Patrick Star launched on the 22nd and peaked at a $300,000 market cap. In just four days, it crashed to less than $10,000—a drop of over 90%. Memecoins riding a trend lose their buzz once the trend passes, and then the coins are gone.
Only two kinds can hold up.
One is the leader. Binance Life has a $500 million market cap and barely moved today. Holders aren’t willing to sell.
The other has a real narrative behind it. Year Year peaked at $6.88 million before pulling back to $3.7 million, giving back nearly half its gains. But if you got in early at $450,000, it’s still up more than 8x—and doing better than most new launches.
The rules for Chinese-themed coins are simple now. No matter how good the name is, without buyers stepping in, it’s just a one-and-done pump. Retail traders rushing into new launches are basically handing money to the people who launched them.
There’s only one thing to watch next: which new launch can keep trading volume up for two or three days, instead of going quiet after just one. Only those that last three days have a chance of becoming leaders. #中文meme $BNB
I checked the Chinese-themed coins on BSC. The one with the highest 24-hour trading volume only did $580,000. A while back, it wasn’t unusual to see several million in volume. Now you can’t find that anywhere.
New launches are cooling off the fastest. Patrick Star launched on the 22nd and peaked at a $300,000 market cap. In just four days, it crashed to less than $10,000—a drop of over 90%. Memecoins riding a trend lose their buzz once the trend passes, and then the coins are gone.
Only two kinds can hold up.
One is the leader. Binance Life has a $500 million market cap and barely moved today. Holders aren’t willing to sell.
The other has a real narrative behind it. Year Year peaked at $6.88 million before pulling back to $3.7 million, giving back nearly half its gains. But if you got in early at $450,000, it’s still up more than 8x—and doing better than most new launches.
The rules for Chinese-themed coins are simple now. No matter how good the name is, without buyers stepping in, it’s just a one-and-done pump. Retail traders rushing into new launches are basically handing money to the people who launched them.
There’s only one thing to watch next: which new launch can keep trading volume up for two or three days, instead of going quiet after just one. Only those that last three days have a chance of becoming leaders. #中文meme $BNB
