Developer 0x6af3 created the token “牛来,” which reached a peak market capitalization of $49 million, according to blockchain analytics account Lookonchain. Lookonchain said the developer did not buy any of the token and made no profit from that launch. The same developer later issued three more tokens — “绊倒体,” “牛来了,” and “Moo” — and earned a combined $25,300 from them. The episode highlights how token creators can see sharply different outcomes across successive meme-coin style launches, even when one project briefly reaches a large paper valuation.