'Chinese Coins' narrative gains traction on Twitter: Check them out w/NoodleofBinance Rewkang China pump
It was noticed that massive liquidity injections by People's Bank of China coincided with the upsurge in crypto markets capitalization. Also, the announcement of the licensing regime for Virtual Asset Service Providers in Hong Kong attracted public interest to"Chinese Cryptos."
However, both catalysts should not be overestimated: the actual size of"money printing" is yet to be seen, while the Hong Kong licensing will not affect retail buyers directly. Also, the very concept of"Chinese" coin looks too vague. However, people do not want to miss the mini-rally and are actively seeking opportunities to benefit from it.
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