According to official news, LBank is teaming up with a number of leading Chinese media to host X Space with the theme of "Leverage Pivot in the Crypto World: Unlocking LBank's Highlight Moments in 2024". Eric He, LBank Community Angel Officer and Risk Control Consultant, mentioned at the event that although Meme coin investment is high-risk, it also contains huge potential.
He said the LBank team has achieved some notable results in mining high-quality meme coins, such as GOAT (up 300x) and Mooden (up 67x). However, the high-risk characteristics of the meme coin market cannot be ignored. Assuming that 100 Meme coins are invested, about 70% of the projects may lose money or even return to zero, and only 30% of the projects may bring significant returns. Overall, the Meme coin market still provides profit opportunities.
Although meme coins inherently lack long-term value support, their short-term hype potential still attracts the attention of institutional investors. For retail investors, the opportunity to find the next “Dogecoin” is attractive, but Eric He reminds everyone that investments should be treated rationally and avoid over-reliance on short-term bubbles.
It is understood that so far, LBank has more than 15 million registered users, and it won the "Best CEX" award in the Crypto.News Awards in 2024. In addition, according to the latest report from 0xscope, LBank’s spot market share has increased to 3.04%, ranking 12th in the world.