Niu Lai, a meme coin on BNB Chain, briefly fell below a $14 million market capitalization before recovering slightly to $14.02 million, according to GMGN market data cited by ChainCatcher. The token remains down more than 51% from its peak. ChainCatcher said the move underscores the high volatility of meme coins, which often have little practical utility, and urged investors to be cautious.