Trader Turns $120 into $205,000 with NiuLai Meme Coin Bet

A trader's bold bet on the BNB Chain meme coin NiuLai has paid off in a big way, turning an initial investment of $120 into over $205,000 in just a few hours.

The trader purchased 19.1 million NiuLai tokens for $120 before the token surged in value, with its market capitalization increasing from just $6,270 to between $18 million and $20 million.

The wallet later sold 9.1 million tokens for approximately $25,900 while retaining 10 million tokens worth about $180,200 at the time of reporting.