RootData: The decline of Meme coins may indicate some form of "cleanup" or a shift in market sentiment within the BNB chain ecosystem

ChainCatcher news, the Web3 asset data platform RootData tweeted that recently, we have witnessed some interesting market performances.

First, Binance founder Changpeng Zhao expressed that he does not like meme coins; subsequently, meme coins in the BNB ecosystem (such as $WHY and $CHEEMS) saw a sharp decline in price after the announcement. However, when Zhao announced a focus on building BNBChain, THENA, which had previously launched on the BNB chain, experienced a significant price increase.

Looking at the table data, a clear contrast can be seen; the decline of meme coins may indicate some sort of "cleansing" or shift in market sentiment within the BNB chain ecosystem, or a move away from the more speculative and volatile meme coin space.

On the other hand, the positive responses from THENA, Wombat Exchange, PancakeSwap, and APX Finance to the news of building BNB chain reflect the market's strong expectations and confidence in the development of BNB chain.