According to ME News, on August 27 (UTC+8), data from GMGN shows that the BSC-based Chinese Meme coin project "Niu Lai" has seen a sustained price rally, rising 45% in the past 24 hours. Its market cap briefly reached $59 million and has since slightly retraced to $57 million, with the current price at $0.0575. Over the past hour, on-chain trading activity for "Niu Lai" has significantly increased, with a one-hour trading volume of approximately $2 million and a 24-hour trading volume of $14 million. Previously, "Niu Lai" reached a historical high of $78 million. BlockBeats reminds users that Meme coins typically lack real-world utility and exhibit high price volatility—invest with caution. (Source: BlockBeats)
BSC meme coin 'Niulai' surges 45% in 24 hours, market cap reaches $59M
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Summary
Niulai, a BSC-based Chinese meme coin, rose 45% in 24 hours, peaking at a $59 million market cap. It currently trades at $0.0575 with a $57 million market cap. On-chain trading volume surged, reaching $2 million in one hour and $14 million in 24 hours. The token previously reached a $78 million market cap. BlockBeats notes that meme coins often lack real-world utility and are subject to high volatility.
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