GMGN data showed that Niu Lai rose 40% in a short period on Sept. 9 after news of its Binance spot listing. The token’s market capitalization was temporarily reported at $120 million. On-chain data also pointed to the top-ranked profit-making address in the token, which currently holds about 13.51 million Niu Lai worth roughly $1.576 million, equal to 1.35% of total supply. The wallet’s cumulative profit stands at about $2.026 million, including around $606,000 in realized gains and about $1.42 million in unrealized profit. The address had previously sold roughly 11.59 million tokens, according to GMGN monitoring cited by BlockBeats.
BlockBeats reported on Sept. 9, citing GMGN monitoring, that Niu Lai climbed 40% in a short period after news that the token would be listed for spot trading on Binance. Its market capitalization was temporarily reported at $120 million.
The top-ranked profit-making on-chain address currently holds about 13.51 million Niu Lai tokens, worth roughly $1.576 million, or 1.35% of the token’s total supply. The wallet’s cumulative profit is about $2.026 million, including around $606,000 in realized gains and about $1.42 million in unrealized profit. The address had previously sold about 11.59 million tokens.
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