BSC meme token Niulai has given back all of the gains recorded after Binance’s spot listing announcement, according to market data from GMGN cited by BlockBeats on Sept. 9. The token’s market capitalization was reported at $94 million.
Niulai had earlier climbed to an all-time high market cap of $147 million after the Binance spot listing notice was released the same day. It has since fallen by more than 36% from that peak.
BlockBeats added a risk warning, saying that price swings in related tokens can be large and that users should approach such investments with caution. The report did not provide other pricing details beyond the market cap figures and the drawdown from the intraday high.
BSC meme token Niulai has erased all of the gains it posted after Binance announced its spot listing, according to GMGN market data cited by BlockBeats on Sept. 9. Its market capitalization was reported at $94 million.
After Binance released the spot listing notice earlier in the day, Niulai briefly reached an all-time high market cap of $147 million. It has since dropped by more than 36% from that peak.
BlockBeats warned that tokens in this category can see sharp price swings and said users should invest with caution.
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