TechFlow news, January 14 — According to market data, the meme coin momo, associated with the Xiaohongshu (Little Red Book) concept, briefly surpassed an $8 million market cap. The 24-hour trading volume reached $4.31 million, with the token price currently at $0.005, reflecting a 24-hour surge of 13,700%.
Previously, it was reported that if short-video platform TikTok fails to overturn the "sell or be banned" order, China may consider selling its business to Elon Musk. This speculation may have contributed to a significant influx of foreign IPs onto Xiaohongshu.
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