'Niulai' Top Address Starts Selling, Approximately $112,000 Tokens Sold in a Short Time

BlockBeats news, on August 18, according to TradingBeats (formerly Hyperinsight) monitoring, the top address of 'Niulai' began 'selling' after the token was listed on Binance Alpha, offloading approximately $112,000 worth of tokens in a short period and continues to sell. Additionally, the second-ranked address of Niulai has not shown any movement yet. According to GMGN market data, the current market capitalization of the Meme token 'Niulai' is $38 million. BlockBeats reminds users that Meme tokens often lack practical use cases, exhibit significant price volatility, and require cautious investment.