#Strategy加仓BTC BSC Chain Meme Coin "Snowball" staged a remarkable rally on January 16 — soaring 270% in a single day, with its market cap once surpassing $89 million.
According to on-chain data tracking, this coin started accelerating on the 15th, reaching a historical peak of $0.089 this morning, then pulling back to $0.079, but its $79.3 million market cap still drew significant attention. Coins that have no real application, no project support, and are entirely driven by community hype and FOMO (fear of missing out) emotions are no longer new in the Meme coin world.
However, the risks involved here deserve special caution. The Meme coin market is extremely volatile, prone to rapid rises and falls — one moment you’re making crazy profits, and the next you could face a "bloodbath." From the candlestick charts, these purely sentiment-driven assets are essentially a game of competition among market participants — whoever runs faster makes money, while those who run slower get caught holding the bag.
The crypto market indeed has many stories of Meme coins with explosive profits, but behind these stories are often significant losses for retail investors. For ordinary investors, these coins are better viewed as windows into market sentiment, feeling the pulse of the market, rather than options for heavy investment. Risks and rewards are never proportional.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
ILCollector
· 01-16 04:40
It's the same trick again, behind the 270% surge is the blood and tears account of the bagholder.
View OriginalReply0
OffchainOracle
· 01-16 04:40
270%? Isn't this a classic game of hot potato, with the next sucker crying their eyes out?
View OriginalReply0
ApeWithNoChain
· 01-16 04:30
Here comes the harvest again; whoever takes the last potluck will be the unlucky one.
View OriginalReply0
All-InQueen
· 01-16 04:25
It's the same old trick again, a 270% surge sounds exciting, but then a sudden plunge and you lose everything.
View OriginalReply0
token_therapist
· 01-16 04:23
Here comes the pump-and-dump scheme again; a 270% increase clearly indicates someone is pumping.
View OriginalReply0
CommunityLurker
· 01-16 04:11
Another round of leek harvesters, after a 270% increase, it's just a mess behind it.
#Strategy加仓BTC BSC Chain Meme Coin "Snowball" staged a remarkable rally on January 16 — soaring 270% in a single day, with its market cap once surpassing $89 million.
According to on-chain data tracking, this coin started accelerating on the 15th, reaching a historical peak of $0.089 this morning, then pulling back to $0.079, but its $79.3 million market cap still drew significant attention. Coins that have no real application, no project support, and are entirely driven by community hype and FOMO (fear of missing out) emotions are no longer new in the Meme coin world.
However, the risks involved here deserve special caution. The Meme coin market is extremely volatile, prone to rapid rises and falls — one moment you’re making crazy profits, and the next you could face a "bloodbath." From the candlestick charts, these purely sentiment-driven assets are essentially a game of competition among market participants — whoever runs faster makes money, while those who run slower get caught holding the bag.
The crypto market indeed has many stories of Meme coins with explosive profits, but behind these stories are often significant losses for retail investors. For ordinary investors, these coins are better viewed as windows into market sentiment, feeling the pulse of the market, rather than options for heavy investment. Risks and rewards are never proportional.