A whale identified as XX (@XXAntiWar), or addresses suspected to belong to the account, bought 17.56 million Niulai ($牛来) tokens worth $1.51 million and was later showing a $240,000 profit, according to on-chain analyst Ember. The purchases comprised 12.25 million tokens bought for 1,540 BNB valued at $1.067 million and 5.31 million bought for 645 BNB valued at $447,000. Niulai’s market capitalization rose from $55 million to a daily high of $98 million. An earlier report by Ai Yi described an address ending in 888ac as spending $1 million on the 12.25 million-token tranche and said it had fully sold an earlier position five days before.