Wallet address 0x6af3, identified by Lookonchain as the creator of the meme coin Niu Lai, did not buy the original token even as its market capitalization climbed to as high as $49 million. While many traders reportedly profited from that run-up, the developer earned nothing from Niu Lai itself because no purchase was made. The same address later launched several other meme coins, including Bandao Ti, Niu Laile and Moo, and made about $25,300 in total from those follow-up projects, according to Lookonchain's monitoring.