"Niu Lai" issuer wallet launches two new meme tokens as market caps reach $26,500 and $17,300

A wallet address tied to the issuance of "Niu Lai" has become active again, launching two new meme tokens, "Niu Laile" and "Moo." GMGN market data cited by BlockBeats showed the tokens were issued 13 hours earlier and were later valued at about $26,500 and $17,300 in market capitalization, respectively. The development highlights the rapid turnover common in meme-coin trading, where new tokens can appear in quick succession and attract speculative interest despite lacking clear utility. BlockBeats said meme coins often have no practical use case and can experience sharp price swings, urging investors to stay cautious.

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