After BitMart listed Laozi, why was this Chinese Meme coin able to trigger exchanges to rush to follow suit

2026-01-12 04:27:33

BitMart【BM Discover】专区 officially launched Laozi (Laozi) at 11:00 on January 12, opening the Laozi/USDT trading pair. This is not an isolated event—two days prior, SuperEx and Hotcoin had already announced the launch of the same token. Multiple leading exchanges launching the same new coin in a short period reflects an unusually high market enthusiasm for this Chinese Meme coin recently.

Laozi’s Rapid Rise

Laozi is a Chinese Meme coin, originating from a tweet posted by Binance CEO He Yi. According to the latest news, this token’s market performance has indeed attracted attention.

Data comparison shows that Laozi’s growth rate is quite rapid:

Time	Market Cap	24-Hour Increase	Remarks
January 10	Surpassed $10 million	171%	Reached a new all-time high
January 11	$13 million	82%	Stimulated by BSC Foundation buy-in news
January 12	Continues to rise	-	During multiple exchange listings

Why now

Laozi has gained attention from multiple exchanges in a short period due to several key factors:

Topic Hotness: The concept of Chinese Meme coins currently dominates the market, with high enthusiasm
External Stimuli: The news of BSC Foundation’s buy-in on January 11 directly pushed up the prices of Laozi and other popular Meme coins
Follow-the-Leader Effect: Once major exchanges start listing, others tend to follow to capture traffic and users

Chain reaction of exchange listings

From related information, Laozi’s listings form a timeline:

Hotcoin: listed on January 11
SuperEx: listed at 03:00 UTC on January 12
BitMart: listed at 11:00 on January 12

This concentrated listing phenomenon indicates clear competition and follow-the-leader behavior among exchanges, all aiming to seize user traffic during the hype of popular tokens.

The Other Side of Market Enthusiasm

Although Laozi’s performance is strong, it is important to note that the entire Chinese Meme coin market experienced a correction after January 11. According to market data, major hot tokens experienced some market cap retracement before gradually stabilizing. This shows that Meme coin market sentiment is highly volatile, prone to sharp rises and falls.

Summary

BitMart’s listing of Laozi signifies that this Chinese Meme coin has gained recognition from more mainstream exchanges, reflecting ongoing market interest in Meme coins. However, it should be clear that Meme coin trading is highly volatile, largely driven by market sentiment and hype, with no intrinsic value or utility. In the short term, multiple exchange listings may attract more attention and traffic, but in the long run, the risks associated with such tokens remain significant, and investors should exercise caution. Future observations can focus on Laozi’s price performance and market enthusiasm after being listed on more major exchanges.

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