BNB Chain meme coin Niulai rebounded more than 47% from a recent market capitalization low of $23 million, climbing back above $34 million, according to GMGN market data cited by BlockBeats on Aug. 17. The token was up 37.9% over 24 hours, with trading volume at $45.7 million. Earlier in the day, Niulai's market capitalization surpassed $40 million for a record high before pulling back to $23 million, underscoring the sharp swings common in meme coins, which typically lack practical use cases and can be highly volatile.