Meme coins Hakimi and Laozi Surge After BSC Foundation Purchase

On-chain analyst Ai Yi reports that the BSC Foundation’s recent $50K purchases of Hakimi and Laozi led to significant price jumps, with Hakimi rising 31.28% and Laozi increasing by 40.18%.

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Summary

On Jan. 11, on-chain analyst Ai Yi reported that the BSC Foundation purchased $50K worth of Hakimi and Laozi, leading to notable price surges. Hakimi rose 31.28% to a market cap of $47.9 million, while Laozi gained 40.18%, reaching a market cap of $14.56 million. This follows a similar purchase made by the BNB Chain incentive program on Jan. 10 for Wo Tamma Laile and Binance Life.

Terms & Concepts
  • Meme coin: A joke-themed cryptocurrency often centered on internet memes.
  • Market capitalization: Total value of a crypto asset, calculated as price times circulating supply.