Flap recorded 47,551 token launches on Aug. 18, up about 24.4% from 38,231 on Aug. 17, according to Dune, ahead of Pump.fun’s 39,247 and Four.Meme’s 1,165. The activity snapshot coincided with volatility in Niu Lai, also known as "牛来," which briefly exceeded a $50 million market capitalization after its Binance Alpha listing, retreated to about $43.42 million, and then rose more than 25% from the previous day by Aug. 20 to a record market cap of approximately $52 million, according to GMGN. Inspired by a Chinese animated film and launched in mid-August, Niu Lai has traded mainly on decentralized exchanges. Odaily cautioned that meme coins can be highly volatile and urged investors to manage risk.