"Laozi" market cap temporarily drops below $9 million, "Dark Horse" market cap temporarily surpasses $10 million

BlockBeats News, January 13 — According to GMGN market data, the Chinese Meme coin "Laozi" briefly fell below a market cap of $9 million, now rebounding to $9.5 million. Its price has decreased by 20% since the Alpha listing announcement, with a 10% drop over the past 24 hours;

The "Dark Horse" market cap briefly surpassed $10 million, currently at $8.9 million. Its price has increased by 519% since the Alpha listing announcement, with a 313% rise over the past 24 hours.

BlockBeats reminds users that Meme coin trading is highly volatile, often driven by market sentiment and hype around concepts, with no real value or use cases. Investors should be cautious of risks.