BlockBeats News, June 9, according to GMGN monitoring, the BSC Chinese Meme coin "Customer Service Xiaohe" started to surge on June 7. At that time, its market value was about $1.5 million. This morning, it rose sharply and once approached $10 million, with a cumulative increase of over 550% in two days. It is now trading at $7.5 million, with a 24-hour trading volume of $8.1 million.

This momentum also led to a collective rise in low-market-cap Chinese Meme coins in the BSC ecosystem, with multiple tokens recording over 50% gains intraday.

It is worth noting that this round of gains did not come with any significant positive news widely circulated. Considering the leading token "Binance Life" hit a new high market value of $900 million on June 7 and then fell sharply by 25%, this market surge appears to be a rotation of funds within the BSC ecosystem after the retreat of the leading token, with low-market-cap assets receiving overflow funds.

BlockBeats reminds users that Meme coins are highly volatile, relying heavily on market sentiment and speculative hype, with no actual value or use case. Investors should be aware of the risks.