He Yi’s post on Binance Square led to the creation of the Xiuxian meme coin, which surged to a $32 million market cap within hours, topping the Meme Rush leaderboard despite warnings of volatility.
Binance executive He Yi’s October 10 post, titled "Come! Let's Cultivate Together!", led to the creation of the Xiuxian meme coin, which reached a $32 million market cap and $105.7 million in trading volume within four hours. The coin topped Binance’s Meme Rush leaderboard, though BlockBeats cautioned about its high volatility and lack of real-world utility.