According to GMGN data cited by BlockBeats on Aug. 22, the address behind “Niulai” issued a new token called “Niulai Rensheng” 20 hours earlier. The same address has now launched a total of 12 tokens, with cumulative fee income reaching 224.17 BNB, or about $155,000 based on the figure provided in the report. BlockBeats also cautioned readers that many meme coins do not have practical use cases and can see sharp price swings, making them high-risk instruments for participants.
BlockBeats reported on Aug. 22, citing GMGN data, that the address behind “Niulai” issued a new token, “Niulai Rensheng,” 20 hours earlier. The address has now issued 12 tokens in total, generating cumulative fee income of 224.17 BNB, or about $155,000 according to the report.
BlockBeats said users should stay cautious, noting that many meme coins lack real-world utility and often carry large price swings.
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