According to GMGN market data cited by BlockBeats, the BSC-based meme coin Niu Lai — whose name translates to 'the bull is coming' — has sustained a strong performance following its listing on Binance Futures during the evening hours of Aug. 31. The token's market capitalization briefly surged past $140 million, marking a fresh all-time high, and it was last reported at around $130 million. In the last 24 hours, the price climbed more than 159%, while trading volume amounted to $63.6 million over the same stretch. BlockBeats, the crypto news outlet that published the flash update, warned users that most meme coins have no real-world utility and are subject to sharp price swings, advising investors to proceed with caution.
According to GMGN market data cited by BlockBeats, the BSC-based meme coin Niu Lai — whose name translates to 'the bull is coming' — extended its strong run after being listed on Binance Futures on the evening of Aug. 31. Its market capitalization briefly exceeded $140 million, setting a new all-time high, and was last seen at $130 million.
Data shows the token is up more than 159% in the past 24 hours, with 24-hour trading volume reaching $63.6 million. BlockBeats reminded users that meme coins generally have no real-world use cases and can fluctuate sharply in price, so investors should be cautious when trading.
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