Address Rebuilds Position in Niu Lai After Buying 12.25 Million Tokens

On August 30, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that address 0x90c…888ac spent about $1 million in the past hour to buy 12.25 million Niu Lai tokens and rebuilt its position in the token. According to BlockBeats On-chain Detection, Niu Lai’s market value briefly rose above $90 million during the purchase period. This was not the address’s first trade in Niu Lai. It had previously opened a position 13 days earlier and fully exited five days ago at a price of $0.03162 before buying again after closing out its holdings.