Trader turns $121 into $311K as BNB memecoin Niulai surges

A trader turned $121 into about $311,000, a gain of roughly 256,926%, as BNB Chain-based memecoin Niulai surged over the past few days, including a listing on Binance Alpha, drawing attention across the community. According to on-chain analyst EmberCN, the trader bought 19.1 million Niulai tokens for $121 in the on-chain market on Aug. 13. At the time, the memecoin’s market capitalization was just $6,340. As Niulai’s price later surged and its market capitalization climbed to between $1 million and $20 million on Aug. 15-16, the trader sold 14.1 million tokens, locking in $127,000 in profit. The trader still holds 5 million Niulai, currently valued at about $186,000.