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A leading Chinese meme project has recently stirred up quite a commotion. Due to a misconfiguration of parameters, the CAKE team directly withdrew 99% of the funds from the "Ma Shang You Qian" and "Ma Shang Fa Cai" liquidity pools. After this incredible move, they also dumped "Ma Shang You Qian," causing the portfolios of thousands of token holders to plummet instantly.
To be honest, such a technical mishap would be tough for anyone to handle. But the resilience of the Chinese community is always surprising: many players are taking this "wipeout" as fuel for growth in adversity. 2026 is the Year of the Horse, and the name "Ma Shang You Qian" itself carries a cultural buff—the more setbacks it experiences, the stronger the community consensus may become.
From a certain perspective, this might be the most magical aspect of meme coins: sometimes, narrative is more resilient than code. When technical errors become part of community legend, could the Chinese meme coin space be writing a new chapter? We'll see.