BNB Smart Chain meme coin Niu Lai rose more than 25% from the previous day by Aug. 20, taking its market capitalization above $50 million and setting a record. GMGN data put the market cap at about $52 million. Inspired by a Chinese animated film and launched in mid-August, the token has continued to rise since its debut, with trading concentrated mainly on decentralized exchanges. Odaily warned that meme coins can be highly volatile and urged investors to manage risk.