I see that the Chinese market has been heating up quite a bit lately. China has injected an absurd amount of money into the stock market, and that has a direct impact on Chinese cryptocurrencies. When liquidity enters the Chinese financial system, tokens connected to China’s economy usually follow along.

I went to research which Chinese cryptocurrencies could benefit from this and found some interesting projects. Conflux is one of them—it has partnerships with Alibaba Cloud and China Telecom, serious players. The token’s market cap is currently 272M. There’s also Alchemy Pay, which bridges fiat and crypto, and works with big names in the industry.

But what caught my attention the most was Pepe. Yes, that meme coin. It started on Ethereum but turned into a phenomenon in the Chinese community, to the point that they call it “Pepe chinês.” It’s listed on several major exchanges, and its market cap has surged to 1.44B, very different from a few months ago.

Mantle is also on the radar, with a 2.21B market cap, and it seems to have solid fundamentals. And Immutable, which focuses on NFTs, is being backed by Tencent, so it has strong ties to China’s tech ecosystem.

These Chinese cryptocurrencies represent an interesting mix: from more technical protocols to meme coins that explode in popularity. If China’s economic narrative keeps staying strong, these tokens could benefit quite a lot. But of course, there’s always risk—no one knows what’s coming next in the market.