GMGN data cited by BlockBeats and Odaily showed the Chinese meme token briefly approached a $10 million market value before easing, as broader low-cap BSC meme coins also posted sharp gains.
BSC meme coin Kefu Xiaohe, also referred to as Customer Service Xiao He, rose from about $1.5 million in market value on June 7 to briefly near $10 million on June 9 before pulling back, with reports putting it around $7.5 million to $8.4 million after the spike. GMGN data cited by BlockBeats and Odaily showed the token still posting gains of more than 310% intraday, alongside $8.1 million in 24-hour volume. Several other low-cap Chinese meme tokens on BSC also gained more than 50% intraday, and BlockBeats said the move may reflect capital rotation after sector leader Binance Life peaked at $900 million on June 7 and then fell 25%. Both reports warned that meme coin trading is highly volatile and risky.