A meme token called Niu Lai on BNB Smart Chain posted a gain of more than 33% over the past 24 hours, according to market data from GMGN cited by BlockBeats on Aug. 26. The token’s market capitalization rose back to $47 million, while 24-hour trading volume reached $12.2 million.
BlockBeats also attached a risk reminder to the move, noting that many meme tokens do not have practical use cases and can see sharp price swings. The outlet urged users to approach such assets with caution. The update was presented as a market snapshot and did not include additional project developments or fundamental catalysts beyond the trading data.
According to GMGN market data cited by BlockBeats on Aug. 26, Niu Lai, a meme token on BNB Smart Chain, rose more than 33% over the past 24 hours. Its market capitalization returned to $47 million, and 24-hour trading volume reached $12.2 million.
BlockBeats said many meme tokens lack practical use cases and can be highly volatile, and reminded users to stay cautious when investing.
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