According to Odaily Planet Daily, Seventh Impressions, the copyright holder of the "Milk Dragon" animation IP, has issued an announcement stating that criminals have recently used the "Milk Dragon" image to engage in Bitcoin issuance, false advertising, and illegal financial activities, seriously misleading the public and damaging the brand's reputation. Seventh Impressions emphasized that since its establishment, the company has never conducted or authorized any organization or individual to participate in virtual currency-related business, and firmly resists all illegal and irregular activities. The company has now initiated legal verification procedures and will investigate the relevant parties in accordance with the law. If necessary, it will report the case to the public security organs.

According to GMGN data, the market value of the BNB Chain meme coin "Milk Dragon" has fallen to US$7.5 million, a drop of 26.2% in one hour.

Odaily reminds users that the price of Meme coin fluctuates greatly and investors should pay attention to the risks.