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.



Other News from Today