Crypto trader turns $120 into over $200,000 in hours

On-chain data shows the trader entered the position when the token’s market capitalization was just $6,270.

As interest in the asset accelerated, NiuLai’s market value climbed into the tens of millions of dollars. The trader’s average selling valuation was approximately $2.82 million, highlighting the scale of the move.

The wallet still holds more than half of the original position, with unrealized gains accounting for the majority of the profit.

Why NiuLai rallied 

NiuLai, which translates roughly to “Bull Comes” or “Here Comes the Ox,” is a BNB Chain meme coin inspired by a Chinese animated film of the same name.

The low-budget movie attracted little attention after its release but later went viral across Chinese social media platforms. As clips and images spread online, the film became the subject of memes, helping drive renewed interest and boosting its visibility.

The growing online buzz quickly spilled into crypto markets, where traders launched and speculated on related meme tokens.

NiuLai launched in mid-August as the film went viral online. Early buyers benefited as the token’s market capitalization surged from just a few thousand dollars to between $18 million and $20 million, supported by strong trading activity on PancakeSwap and other decentralized exchanges. Notably, the market cap peaked at $29 million before experiencing a sharp drop. 

The rally highlights how viral internet trends can fuel massive meme coin gains, although such returns remain rare and highly speculative due to the sector’s extreme volatility.