Trader's Timely Exit Costs Them $1.3M in Niu Lai Profits

A crypto trader's early exit from Niu Lai (牛来) has cost them an estimated $1.3 million in potential profits.

The trader, identified only by their wallet address 0xb0d0…484d9, bought 37.96 million Niu Lai tokens on August 13 for just $148.

This initial investment would have generated a staggering 899,700% return if the trader had held onto it for another week.

Instead, they sold their tokens across 23 transactions for roughly $1,600 after holding them for one day, securing a profit of over $1,430 (an 864% ROI).

Niu Lai's market capitalization continued to rise, reaching over $48 million on Monday but hovering near $35 million at the time of reporting.