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After the CEX released a notice regarding the handling of "employees issuing tokens in violation of regulations," the meme coin issued by the involved employee surged by 900%.
On December 8, according to GMGN market data, CEX officially released an announcement at 19:05 today regarding “the employee who promoted a Meme coin using the official CEX account after its unauthorized release.” The announcement stated that the employee has been suspended and is awaiting further disciplinary action. CEX has proactively contacted and will actively cooperate with relevant law enforcement agencies in the employee’s location, and will take appropriate legal action in accordance with applicable laws. Notably, after this announcement was released, the “involved” Meme coin “Huang Guo Nian,” issued by the employee in question, experienced a sharp surge. As of press time, it had surged over 900%, with the token price once reaching $0.006 and the market cap surpassing $6 million, before pulling back to $5.33 million.