158,000 circulation, unit price 0.12 — the logic behind these numbers is worth examining carefully.

**Hidden confirmation at the product level**

As the most popular on-chain market tool, it has added this token to its quote options. The previous list only contained settlement anchors like USDT and USD1, but now there's one more. This move seems casual but is actually a kind of "strong endorsement" signal.

**Real breakthrough at the technical foundation**

A leading exchange completed UTF-8 encoding tests for its spot trading system, meaning the exchange's underlying architecture can now support trading in non-English characters. If this token becomes the first Chinese-character Ticker spot trading pair in history, it becomes more than just a number — it's the key to opening up the entire Chinese Meme market.

**Clear direction from test pushes**

The in-app push on the 17th reading "New spot listing, this is a test coin" is no coincidence. For experienced traders, these kinds of official test pushes are usually paving the way for subsequent official launches. With the traffic effect of a universe-tier exchange at play here, the testing intent is already crystal clear.

**Bottom signal at the chip level**

From the historical high of 0.517 down to the current 0.12, it has experienced sufficient pullback and time erosion. Early profit-taking positions have essentially exited, and chips with weak conviction have already been shaken out. How clean is the current bottom chip structure? Actually quite solid.

From a market cycle perspective, this type of ecosystem activity in January typically becomes a trigger point for hot rallies. Whether to wait for BSC ecosystem momentum after Chinese New Year — you'll need to make that judgment yourself.