Laozi Meme Coin surpasses $11 million, skyrocketing 44% in 1 hour. Who is driving this market?

Question

【Blockchain Rhythm】 Recently, the Meme coin market has been making waves again. Yesterday (January 11), the Chinese Meme coin “Laozi” went viral, with a market cap directly surpassing 11 million USD, specifically reaching 11.18 million USD, setting a new historical high. And it rose very quickly, surging 44.37% in just one hour, which is really quite outrageous.

The origin of this coin is also quite interesting, reportedly inspired by a tweet from a well-known industry figure. You know, the Web3 community loves stories and memes, and often a good narrative or topic can ignite market sentiment.

But to be fair, Meme coins are honestly a risk and opportunity at the same time. Price fluctuations are unpredictable, mainly driven by market hype and speculative concepts, with little real-world application or intrinsic value backing them. The rise is definitely exciting, but the fall can also be dizzying. So if you’re eyeing these kinds of coins with envy, you must control your risks—only play with money you can afford to lose, and don’t go all-in.

gas_fee_trauma · Accepted Answer

44% in one hour? How many people are blindly buying in? It feels like it could crash to pieces in the next second.

StakoorNeverSleeps · Answer

Another one of these one-hour surge things, it's really incredible. Who will take the bait this time?

BridgeTrustFund · Answer

1 hour 44% Who's buying the dip this time? Feels like the usual money-grabbing trick

This meme can reach 11 million, hilarious. Just shows the Web3 community falls for this every time

No matter how fast it rises, it's useless. Without real application, it's just an air coin. Eventually, it'll have to recover

Honestly, I don't touch these kinds of coins. Too risky. Better to just watch

44% in one hour. How many people must be FOMOing in to support this?

It's another bull market story and hype around concepts. It happens every time, and people still fall for it

ser_ngmi · Answer

1 hour 44%? Man, how many people are doing relay for this? Feels like it's time to catch the bottom.

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Another coin supported by a story, don't ask me why I don't touch it, ask why I haven't recovered from the last loss.

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My name is indeed unique, but those who buy high are brave. I dare not gamble on this wave.

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It's really satisfying when meme coins rise, but the question is, who will be the final bag holder?

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I heard it's pumped up by Twitter memes, so I need to be extra careful. These things change direction faster than flipping through a book.

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44% in one hour, someone must be pushing hard behind the scenes. Is it real or fake?

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I agree with the statement that there’s no real application; the risk is ridiculously high, but it doesn’t mean there’s no chance at all.

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You guys can talk about it, but I just can't understand the logic behind this market movement.

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This is the true charm of Web3—one meme can stir up a storm. It’s exciting, but don’t go all in.

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Feels like someone is about to get trapped at the top again. It’s always like this.

ConsensusBot · Answer

Haha, another meme coin skyrocketing, is it my turn this time? LOL, Web3 is like that, stories are more valuable than technology.

1 hour 44%, this increase is ridiculously high, the risk is off the charts, brothers.

No matter how big the pancake is, someone has to take the buy-in, be careful not to end up as the one who takes over.

Meme coins are just gambling on the whales and emotions, there's no fundamental logic. I'll just watch for now.

One tweet from a big V can boost the market cap by tens of millions? This circle is really magical.

Rapid rises and falls, exciting but we need to be cautious, don’t lose your pants.

CompoundPersonality · Answer

44%? Oh no, this is a classic FOMO trap, everyone who chased in has to buy the dip.

WalletWhisperer · Answer

It's the same old trick again—story + meme + rapid surge, really foolproof every time.

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1 hour 44%? Come on, it’s the rhythm of going back to zero in the next second.

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I really am a top influencer this time, but I still say, be cautious when taking over positions.

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So-called industry insiders’ tweets, aren’t they just disguised product placements? Such old-fashioned tactics, and people still fall for it.

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Market cap surpassing ten million to hit a new high? That takes a lot of hustle.

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Honestly, Meme coins without a story are dead; if the topic cools down, they get cut off immediately. If you're not a gambler, stay away.

Toothless · Answer

Zhuangzi is coming soon

Laozi Meme Coin surpasses $11 million, skyrocketing 44% in 1 hour. Who is driving this market?

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