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BSC Meme Coin ‘Niu Lai’ Market Cap Drops 36% in Hour

The BSC-based meme coin ‘Niu Lai’ saw its market cap plunge to $14.71 million, down 36.01% in the last hour, though still up 412.7% over 24 hours. Odaily warns investors of high volatility in meme coins.

Original source

AI take

The scale of the reversal matters more than the drawdown itself: a token can shed over a third of its value in an hour while still sitting on a triple-digit 24-hour gain, which is the signature of a thin, momentum-driven order book rather than a repricing on fundamentals. That asymmetry affects late entrants most, since the gains that look impressive on a daily chart were captured before the drop. Whether the 24-hour advance survives the next few hours is the open question, and the divergence between the two timeframes is the more informative signal here.

Generated by AI for reference only.

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