The day before yesterday, Binance launched the "Rebirth Support" program and distributed the first batch of "Rebirth Support" airdrops yesterday, undoubtedly providing meme players on BSC with another good topic.
However, a "diversion" incident sparked disputes among players.
The first "Rebirth" coin that gathered consensus among players and emerged had a contract address ending in "4444." As seen in the K-line chart below, after its successful launch, the "Rebirth" coin with a contract ending in "4444" began to rise, with its market cap once exceeding 15 million dollars.
About 8 hours later, another "Rebirth" coin, with a contract starting with "4444," was also successfully launched and quickly rose in the following 2 hours, with its market cap once exceeding 12 million dollars.
During the rapid rise of the new "Rebirth" coin, the OG "Rebirth" coin suffered a heavy blow, dropping over 50% at one point. At this time, a tweet from KOL Li Ping supporting the new "Rebirth" coin made him the target of players' criticism:
Soon, another KOL standing with the OG "Rebirth" coin, Chenpepe, criticized this "diversion" behavior:
Previously, "diversion" situations had occurred in the crypto circle, such as with the uppercase and lowercase Neiro, and CZ's dog "Broccoli," among others. But this time, returning to yesterday's environment, Binance was still at the center of public opinion being "besieged" by a large number of players, and the BSC meme market was not as hot as before. Additionally, the OG "Rebirth" coin had previously reached a market cap of 15 million dollars through spontaneous consensus. In this context, the sudden surge of the new "Rebirth" coin and the appearance of KOL support made it difficult for players supporting the OG "Rebirth" coin to believe that the rise of the new "Rebirth" coin was a spontaneous consensus shift rather than a conspiracy.
If these two coins had successfully launched simultaneously and started competing in the external market, players would not have such strong emotions. In the eyes of many players, if a KOL with considerable influence supports a topic, how can it be wrong for them to join in and develop the market cap to a higher level, especially when their financial capabilities are already stronger than many ordinary players? Even if the two coins initially had completely identical topics and tickers, competing from the same starting line would still be relatively fair.
Last night, @haze0x, the founder of gmgn.ai, also expressed his views, stating that "diversion" behavior should be opposed:
The controversial KOL Li Ping responded this morning, stating that he initially bought both coins but later shifted his support to the new "Rebirth" coin, reiterating his support for it:
Currently, the market cap of the new "Rebirth" coin is about 4 million dollars, while the market cap of the OG "Rebirth" coin is about 3.7 million dollars.
With CZ tweeting support for Chinese tickers and news suggesting that Binance is testing Chinese ticker contracts, the Chinese ticker tokens in the BSC meme market are starting to warm up. The disputes between the "Rebirth" coins are unlikely to be resolved quickly and will likely continue with the potential arrival of a second wave of the Chinese market.
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