Memes Sees 2-Hour Rebound of Over 160%, Market Cap Rises to $13.69 Million

BlockBeats News, January 21st, according to GMGN market data, the BSC ecosystem's new Meme coin "memes" rebounded over 160% in nearly 2 hours, with a market cap rising to $13.69 million from a low of $2.68 million, and a 24-hour trading volume increasing to $75.40 million.

It is reported that "memes" originated from a tweet released earlier today by the official White House account stating "The winning will continue. The deportations will continue. The memes will continue." After the CEO of a certain exchange retweeted the tweet, the coin saw a significant surge, following which the CEO removed the retweet.

BlockBeats Note: Meme coins experience huge price volatility, often relying on market sentiment and hype around a concept, with no real value or use case. Investors should be aware of the risks.