Market Value Rapidly Rising: It briefly surpassed $40 million and has significantly increased over several days of trading.
Price Fluctuations are Huge: There have been several substantial increases within 24 hours (such as more than 60% increase).
Community trading is active, volatility is high, and short-term speculative sentiment is strong. Data from multiple platforms show that trading volume and price changes are very dramatic.
💡 Reasons and Characteristics Behind
Cultural Origin: The name comes from a Chinese internet slang, with an exaggerated and humorous tone, cleverly matching the Year of the Horse (2026), making this coin easily spread virally in Chinese communities.
Community Driven: There are no complex functional designs or governance mechanisms; the price is primarily driven by "sentiment, social media, and speculative trading."
Significant Hype Atmosphere: A common phenomenon similar to "Meme coins," high volatility and high risk, more like a cultural phenomenon or short-term speculative tool.
📌 Risk Warning
No Actual Use Case: Similar to most Meme coins, it essentially has no intrinsic economic function and relies solely on trading sentiment and popularity.
Extreme Volatility: Prices often experience sharp rises and falls, investments should be cautious to avoid blindly chasing highs.
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