Another wave of Meme coin market drama is unfolding. Data shows that in the past 4 hours, the Chinese Meme concept coin "Laozi" has experienced a decline of over 40%, with its market capitalization dropping from over $10 million to $6.11 million. This coin initially gained popularity after a senior executive from a major exchange posted content on social media that sparked market attention.

Such situations are not uncommon in the Meme coin circle. Frankly speaking, these types of coins have extremely volatile trading swings, and market enthusiasm is entirely driven by hype and concept speculation, lacking real technological application or commercial value. Investors need to think carefully before entering—the high returns are usually accompanied by high risks, and a slight change in market sentiment can lead to significant losses.