Recently, the crypto world experienced a wild cultural phenomenon. Starting in October, a Chinese Meme coin called "Somebody's Life" suddenly exploded in popularity, becoming the most iconic market event of the year-end. What exactly happened behind the scenes?

**How it all started**

In early October, a co-founder of a major exchange made a joke on social media, implying "Wishing you hold a certain coin, drive a certain car, live in a certain community, enjoy a certain life." This was originally a community meme, but an anonymous developer directly deployed a token with the same name on the BNB Chain, with a total supply of 1 billion tokens. That’s it.

No one expected it to go this crazy. On October 7th, this coin was listed on a major exchange's Alpha, and it surged 2000% in just one hour. People started buying frantically. By October 8th, its market cap once hit $500 million, with a 24-hour increase of 635%. The entire crypto community was discussing this phenomenon.

But the show was not over. On October 9th, the aforementioned founder came out to clarify his remarks, saying it was just a joke and had no endorsement. As a result, the coin's price plummeted 95% within a few hours, with its market cap dropping from $500 million to less than $50 million. Early investors lost everything, and latecomers became bagholders.

**What does this incident reflect**

First, the rise of Chinese Meme coins signifies a shift in the cultural narrative power within the crypto market. Previously, the scene was mainly dominated by the English-speaking world, with Western investors holding the discourse. Now, it's different. Like "Somebody's Life"