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Meme coins on BSC have been going crazy recently: short-term surges of over 1200 times, with a market cap reaching $9 million
These past couple of days, a Meme coin in the BSC ecosystem has been causing a stir, with a short-term surge of over 1200 times, and the market cap once broke through $9 million. But now it has fallen back to around $6.7 million, and the market volatility is obvious.
Deep analysis:
Honestly, Meme coins are just riding the wave of market sentiment— as long as popularity is high, prices soar; once the hype fades, they plummet immediately. The price fluctuations are so unpredictable that it’s almost impossible to forecast.
The biggest pitfall when investing in such assets is liquidity. The inflow and outflow of funds are too rapid; a large order can cause massive price swings, especially with insufficient market depth, making prices highly volatile. Behind short-term speculation, these market anomalies are often caused by low liquidity. So, what seems like a profitable opportunity actually carries risks in the same area.