GMGN market data shows that the issuing address behind the BNB Chain meme token "Niulai" created two separate tokens with the same name two days ago, and the gap in their current market capitalizations is large. The two "Niulai" tokens are now valued at about $17.10 million and $34,100, respectively. The same address also issued another token, "Xiongzou," 22 hours ago, with a current market capitalization of about $186,100. BlockBeats noted that many meme tokens do not have practical use cases and can see sharp price swings, adding a cautionary note for users tracking such assets.
On Aug. 16, BlockBeats, citing GMGN market data, reported that the issuing address behind the BNB Chain meme token "Niulai" created two separate tokens with the same name, "Niulai," two days ago. Their current market capitalizations are about $17.10 million and $34,100, showing a sharp divergence in value.
In addition to those two same-name tokens, the same issuing address launched a token called "Xiongzou" 22 hours ago. Its current market capitalization stands at about $186,100.
BlockBeats also reminded users that many meme tokens lack real-world utility and can be highly volatile, urging caution when investing.
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