BNB Chain issuer deploys two identically named Niulai meme coins with $17.1 million and $34,100 market caps

A BNB Chain wallet address linked to the issuance of the meme coin Niulai created two separate tokens with the same name two days ago, and the gap between their valuations is wide. GMGN market data shows one Niulai token has a market capitalization of about $17.1 million, while the other is valued at roughly $34,100. The same issuing address also launched Xiongzou 22 hours ago, with a current market capitalization of about $186,100. BlockBeats cautioned that meme coins often lack practical use cases and can experience sharp price swings, urging investors to remain careful.

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