The Chinese meme sector is dead, and for anyone outside of BSC and Binance, this is a huge win! The Chinese community was born on BSC, and the first banner of 'Binance Life' was part of Binance's natural viral marketing strategy. In this battle, Binance personally stepped in, providing resources, traffic, and spot trading channels. And the result? It got ruined by a combination of internal incompetence, insider trading, and moles from competitors. All of this was just to break Binance's closed loop of siphoning new users and hot money.