A Niulai trader ultimately lost about $14,000 after paying 42.4 BNB to the BNB48 Club node and using a private RPC channel to buy 1.422 million tokens immediately after Binance announced its listing. The trader spent another 6.87 BNB on gas fees, then sold the entire position within 15 minutes at $0.12 after buying at $0.10, generating about $22,000 from the price difference but incurring roughly $36,000 in bribe and gas costs. Niulai, a China-linked meme coin, had surged about 40% after Binance’s spot-listing announcement, reaching a reported record market capitalization of $147 million before retreating to $129 million, according to GMGN data cited by BlockBeats. Binance scheduled NIULAI/USDT, NIULAI/USDC and NIULAI/TRY spot trading for 11:30 p.m. Korea Standard Time on September 9 and assigned the token a Seed Tag. The exchange had launched a Niulai perpetual futures contract in late August with leverage of up to 10x.