CandleFocus TikTok’s potential US ban has already sent a Chinese memecoin 100x
2025-01-15
Author: Content Editor
The US potential ban on TikTok has led to the emergence of a memecoin called MOMO on the Chinese app RedNote. The coin has seen a significant increase in value, going 160x in the past three days. Despite being small with a market cap under $5 million, MOMO's growth has been impressive. The app RedNote, similar to Instagram, is known for its strict content moderation and censorship, making it an ideal platform for onchain degeneracy.
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