Press Enter to search · ESC to close

Crypto

Meme Coin ‘Niu Lai’ Surges, Creator Misses Out on Profits

A meme coin named after a Chinese animated film ‘Niu Lai’ surged to a $46M market cap on BSC, but its creator missed the rally, earning only ~$10K from a quick dump on a follow-up token. On-chain data reveals a pattern of batch token creation and potential market manipulation, with the main pool controlled by an unknown entity.

Original source

AI take

The creator's negligible payout against a multi-million-dollar valuation points to a structural feature of meme coin launches: the wallet that mints the token is rarely the wallet that captures the upside. Here, on-chain evidence of batch creation and a main pool held by an unidentified party suggests the visible rally may have been shaped by actors other than the nominal issuer. For traders in this segment, the relevant question is whether pool control and creation patterns like these become a standard diligence item, or remain an after-the-fact footnote.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback