On-chain analyst Ai Yi (@ai_9684xtpa) reports that the address 0x90c…888ac spent about $1 million over the past hour buying 12.25 million Niu Lai tokens, rebuilding a position in the token. During the purchases, Niu Lai's market capitalization briefly rose above $90 million. This is not the wallet's first trade in Niu Lai: it established a position 13 days ago and sold out fully five days ago at $0.03162 each, so today's buy is a re-entry after a complete exit.
An on-chain wallet identified as 0x90c…888ac spent roughly $1 million over the past hour to buy 12.25 million Niu Lai tokens, according to Ai Yi (@ai_9684xtpa), a blockchain analyst who tracks on-chain moves. The purchase re-established a position in the token, and Niu Lai's market capitalization briefly exceeded $90 million during the buying window.
This is not the first time the address has traded Niu Lai. It first entered a position 13 days ago, then exited entirely five days ago at $0.03162 per token. The latest buy follows that full sell-off.
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