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Gate Square New & Returning Creator Rewards are ongoing!
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How long can the popularity of Chinese Tickers last? Recently, major exchanges have been updating their activity rules, and ecosystem competition is becoming increasingly fierce.
A leading exchange launched an activity for a Chinese Meme coin called "Laozi." As soon as the news broke, this coin surged nearly 80% in a short period, but then it retraced. Since the listing announcement, the price has fallen by 14%, and the current market capitalization remains around $10.5 million.
This wave of market activity reflects both the enthusiasm of the market and the volatility of the Chinese Meme coin track.