Expectations for "Spring Festival Gala mention" or "listing on certain exchanges" fell short, leading to a rapid plunge of several Year of the Horse-themed meme coins last night.

BlockBeats News, February 17, according to GMGN market information, following the end of the Spring Festival Gala for the Year of the Horse, or possibly due to unmet expectations of being listed on certain exchanges, several Year of the Horse-themed Chinese meme coins in the BSC ecosystem experienced a rapid plunge last night. Among them:

“Wo Ta Ma Lai Le” began to plunge at 21:00 last night, dropping 27.17% within one hour. As of press time, its market cap is reported at $19.72 million, with a 24-hour decline of 26.12%;

“Ku Ku Ma” saw a rapid surge yesterday afternoon, followed by a sharp drop at 20:00. As of press time, its market cap is reported at $1.3 million, with a 24-hour decline of 59.76%;

In addition, other small-cap tokens such as “Dou Bao” also experienced similar rapid declines.

BlockBeats reminds users that meme coin trading is highly volatile, mostly driven by market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the risks.