The hype of Chinese Meme coins fades as the market value of tokens like "WTF" and "Old Master" experiences a significant retreat.
On January 11th, data from GMGN (via the link https://t.me/gmgnaibot?start=i_m4TE56o8) shows that popular Chinese meme tokens on the BNB Chain have recently seen a broad pullback following a general rally. These include:
- **"I Stepped on the Horse"**: Market cap dropped from a peak of $52 million to $28 million, a roughly 46% decline.
- **"I Am Your Father"**: Market cap fell from a peak of $18 million to $11 million, a ~39% drop.
- **"Life K-Line"**: Market cap declined from a peak of $41 million to $16 million, a ~60% decrease.
- **"Binance Life"**: Market cap slipped from today’s high of $188 million to $153 million, a ~18% pullback.
- **"Hakim"**: Market cap dropped from today’s high of $48 million to $36 million, a ~25% decline.
- **"Love Myself"**: Market cap fell from a peak of $2.9 million to $1.8 million, a ~38% drop.
- **"Golden Shovel"**: Market cap declined from a peak of $3 million to $700,000, a ~39% decrease.
BlockBeats advises users that meme coins of
4 hours ago
Michael Saylor reiterates Bitcoin Tracker Update, Hinting at More BTC Purchase
Jan. 11: MicroStrategy founder Michael Saylor has once again shared information related to its Bitcoin tracker.
Historically, MicroStrategy has disclosed its Bitcoin purchase details the day following such announcements.
### Notes on alignment with American English habits:
1. **Abbreviated date format**: Used `Jan. 11` (standard for U.S. news briefs, omitting year if context is clear).
2. **Clarity & accuracy**: Expanded `Strategy` to `MicroStrategy` (critical—Michael Saylor is *MicroStrategy*’s founder; readers would not recognize vague "Strategy").
3. **Conciseness**: Replaced wordy phrases like *"released Bitcoin Tracker related information"* with *"shared information related to its Bitcoin tracker"* (natural, active tone).
4. **Temporal precision**: Used *"the day following such announcements"* (more idiomatic than *"on the second day after such news is released"* for U.S. news).
5. **Present perfect tense**: Applied *"has shared"* / *"has disclosed"* to emphasize rece
4 hours ago
「Homie」 ETH Long Position Sees Over $2 Million Drawdown from Peak Profit, Entry Price $3,138.43
On January 11, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that "Whale Brother" Huang Licheng currently holds a $34 million ETH long position.
His realized profits from this ETH position have retraced more than $2 million from their peak on January 7 (when ETH hit its high). The current entry price for the ETH position is $3,138.43.
Additionally, he holds a $250,000 HYPE long position, with an entry price of $24.4.
4 hours ago
Coinbase Bitcoin Price Premium Index has been in a negative premium for 5 consecutive days, currently at -0.126%.
January 11 — Coinglass data shows the Coinbase BTC Premium Index has held a negative premium for 5 consecutive days, currently at -0.126%. Over the past 28 days, it has been negative for 26 of those days.
BlockBeats Note: The Coinbase BTC Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global average. It’s a key indicator for tracking U.S. market capital inflows, institutional interest, and shifts in market sentiment.
A positive premium (Coinbase price > global average) typically signals: strong U.S. buying pressure, active entry of institutional/regulated funds, ample USD liquidity, and bullish sentiment. A negative premium (Coinbase price < global average) usually reflects: notable U.S. selling pressure, reduced investor risk appetite, rising market risk aversion, or capital outflows.
4 hours ago