Binance co-founder He Yi followed crypto KOL Qwerty on X, after which the Niu Lai token’s market capitalization briefly rebounded to $133 million from lower levels. It was later valued at about $120 million. Qwerty described Niu Lai as a meme token (a crypto asset driven largely by internet culture and community interest) that had spread globally through organic community activity on BSC, or BNB Smart Chain.