BSC Meme Coin Niu Lai Tops $50 Million in Market Value, Hits Record High
JOON HYOUNG LEE
Summary
- The market capitalization of BNB Smart Chain-based meme coin Niu Lai climbed to a record high.
- Niu Lai surged more than 25% from a day earlier, pushing its market value above $50 million.
- Niu Lai, which was launched in mid-August and inspired by a Chinese animated film, is actively traded mainly on decentralized exchanges (DEXs).
Forecast Trend Report by Period
BNB Smart Chain-based meme coin Niu Lai's market capitalization climbed to a record high.
Odaily and other outlets reported that Niu Lai surged more than 25% from a day earlier on Aug. 20. The rally pushed its market value above $50 million, an all-time high.
Niu Lai, a meme coin inspired by a Chinese animated film, was launched in mid-August. It has been actively traded mainly on decentralized exchanges, or DEXs, and has continued to rise since its debut.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul