According to @CNBC, Taiwan has banned the Chinese social media app RedNote for one year due to fraud risks, indicating a formal regulatory action that restricts the app’s operation and availability during the ban period [Source: CNBC]. The announcement does not mention any cryptocurrencies or tokens, and the stated rationale is fraud risk [Source: CNBC].

According to Ai 姨 (@ai_9684xtpa), the influx of TikTok users to Xiaohongshu has coincided with Rednote's rapid ascension to the top of the US App Store rankings. A key development in this trend is the rise of the $momo memecoin, which currently boasts a market capitalization of $7.29 million. This coin, emblematic of Xiaohongshu's privacy and mutual assistance culture, presents potential trading opportunities as it gains traction among users.