The new meme has been memed, why are players angry this time?
Players want nothing fancy, just fairness
The day before yesterday, Binance launched the "Rebirth Support" plan and distributed the first batch of "Rebirth Support" airdrops yesterday, undoubtedly giving meme players on BSC another good topic to discuss.
However, a "forking" event sparked controversy among players.
The first "Rebirth" coin that gathered players' consensus and launched, had a contract address ending in "4444." As seen from the following candlestick chart, after a successful launch, the "Rebirth" coin with a contract ending in "4444" began to rise, reaching a peak market cap that once exceeded $15 million.

Approximately 8 hours later, another "Rebirth" coin, with a contract address starting with "4444," also successfully launched and quickly rose in the next 2 hours, reaching a peak market cap that once exceeded $12 million.

During the rapid rise of the new "Rebirth" coin, the OG "Rebirth" coin suffered a heavy blow, dropping by more than 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 after, another prominent supporter of the OG "Rebirth" coin, KOL Chenpepe, criticized this "forking" behavior:

Previously, "forking" situations have occurred in the crypto world, such as the cases of lowercase and uppercase Neiro, CZ's dog "Broccoli," and so on. However, this time, looking back at yesterday's scenario, Binance was still at the center of public opinion under a massive player "siege," and the BSC meme market was not as hot as before. Furthermore, the OG "Rebirth" coin had already reached a peak market cap of $15 million based on its spontaneous consensus. In this context, the sudden surge of the new "Rebirth" coin, accompanied by KOL endorsements, made it difficult for players supporting the OG "Rebirth" coin to believe that the new coin's uptrend was a result of a spontaneous consensus migration, rather than a conspiracy.
If these two coins had launched successfully at the same time and migrated to external trading to compete, players would not have such strong emotions. In the eyes of many players, if a highly influential KOL has a positive outlook on a topic and, in a situation where their financial capacity alone surpasses that of many ordinary players, joins in to develop the market cap further, what's the harm? Even if initially both coins had identical themes and tickers, competing on the same starting line would still be relatively fair.
Last night, the founder of gmgn.ai, @haze0x, also expressed his opinion, stating that the act of "forking" 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, once again expressing support for the new "rebirth" coin:

Currently, the market capitalization of the new "rebirth" coin and the OG "rebirth" coin is both around $3.7 million, putting them back on the same starting line.
With CZ's tweet supporting Chinese tickers and the news of Binance possibly testing Chinese ticker contracts, Chinese ticker tokens in the BSC meme market have started to heat up. The turmoil between "rebirth" coins is unlikely to be resolved quickly but is expected to continue with the potential arrival of the second wave of Chinese market trends.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Pundit: First Thing You Should Do When You Become a Crypto Millionaire
VIPTradFi Focus: Where Does the RWA Market Stand Today?
1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Gold prices fall Rs 1,331/10 gram, silver dips Rs 1,600/kg as Mideast tensions outweigh oil fall: Key levels to track
Strategists Say Market's ‘Wall of Worry' Is Healthy, Not a Warning Sign

