Niu Lai, a meme coin that debuted on Binance Alpha, briefly rebounded above a $40 million market capitalization early on Aug. 19 after a short post-listing pullback, and GMGN data later showed it at $38.03 million. Public data from the fomo platform showed DeGods founder Frank continuing to add to his position, lifting his holdings to more than $500,000, while the top profit address Qwerty cut part of its stake on the afternoon of Aug. 18 and then made no further moves. The token had earlier surged to a $50 million market capitalization within about an hour of listing. On-chain analyst Ember said one early wallet bought 19.1 million Niu Lai at a $6,340 market capitalization, sold 14.1 million tokens as the value rose from $1 million to $20 million, realized about $127,000 in profit, and still held 5 million tokens worth about $186,000, alongside roughly $6,000 in QQQB rewards from the token's 1% buy-and-sell tax, while separate TradingBeats monitoring said another large holder paused after selling about $360,000 worth of tokens.