Niulai Market Cap Breaks $60M, Hits New ATH, Up 43% in 24H

A 43% single-day move to a fresh all-time high is momentum, not validation: market cap at this size can be driven by thin liquidity, so the durability of the bid matters more than the headline number. The read-across is for other small-cap tokens, which tend to re-rate on sympathy flows when one name prints a breakout. Whether volume and holder breadth expand alongside the cap, or the move fades as quickly as it appeared, is the open question.