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Chinese Meme Coins Show Divergent Trends as Market Recovers: "Binance Life" Surges 45%, While Popular coins like "Life Candlestick" See 40% Pullback

2 hours ago

On January 14, per GMGN monitoring, the broader market rebounded today, though Chinese meme coins posted stark performance divergence. The BSC-based meme coin “Binance Life” surged 45% in the past 24 hours, with a market cap of $260 million and a current price of roughly $0.26. In contrast, several Chinese meme coins that rallied sharply in recent days failed to follow the broader market trend, instead posting a broad decline—nearly 40% down over the past 24 hours. Key details are as follows: - “I Stepped on the Horse”: 39% 24-hour drop, $16.9 million market cap, current price ~$0.0169 - “Daddy”: 39% 24-hour gain, $7.9 million market cap, current price ~$0.0079 - “Life Candlestick”: 46% 24-hour drop, $7.65 million market cap, current price ~$0.0076 BlockBeats notes that meme coin trading is highly volatile, heavily tied to market sentiment and hype, with no underlying value or utility. Investors should be mindful of these risks.
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Analysis: Institutional Money Flow is Key Driver of Bitcoin Rally, Retail Investors Not Significant

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A certain whale has increased their short positions, currently holding a $73.9 million USD worth of short positions

On January 14, LookOnChain monitoring data reveals a whale—who previously sold 255 Bitcoins and has amassed total profits of $24.5 million—has flipped from long to short positions with 20x leverage. The whale’s holdings include: - 464.28 BTC (valued at $44.1 million) - 6,606.66 ETH (valued at $22 million) - 54,281 SOL (valued at $7.8 million)

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DWF Labs withdraws 6.93 million FXS from Binance, worth $5.41 million

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A whale has swapped 282.17 BTC for 8,098 ETH

On January 14, per LookOnChain monitoring data, a whale transferred 282.17 BTC (valued at $26.33 million) to an exchange to swap for 8,098 ETH.

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