It has been reported that Binance has changed the spot exchange code to allow Chinese tokens to be listed on the spot

The latest commit (ID: 7516690a6a6885d844f1274c164d5fd2b56ea3c0) in the Binance Spot API GitHub repository. This change is part of the diff-b14f21c68f86ea95dc55c25dac01a5d4d5be3d460d7e49a9534d4165bce3d5b1, which updated the symbol and symbols parameters to support UTF-8 encoded Unicode characters (such as Chinese).

This has been interpreted by the community as "the spot API supports the listing of Chinese trading pairs," as the API was previously limited to ASCII (Latin letters), which restricted the integration of non-English tickers (such as "Binance Life").

Chinese tokens represented by $Binance Life have rebounded sharply.

The trading volume in the Chinese Meme segment has surged 2-3 times (according to estimates from DexScreener).