$Niu Lai developers miss out on millions by not buying their own coin, then roll out 3 new coins to harvest $25,000
Lookonchain tracked the developer address 0x6aF3...79E. Previously, they created a meme coin called $Niu Lai, whose peak market value once surged to $49 million—making many followers who bought the token profit handsomely, while the developer themselves bought nothing and gained nothing.
After suffering this loss, the developer issued three new tokens—Banjun Tizi, Niu Lai, and $Moo—using the same wallet address. This time they learned their lesson and kept a position for themselves, pre-planning ahead. In total, they achieved $25.3k in profit.
On-chain records show that, in one transaction, they liquidated within 1 day for a profit of $10.7k (a gain of 459.3%). The other two liquidations yielded $7,390 and $7,250 respectively (both with gains over 60%). Only one small trade resulted in a minor loss of $16.63.
Lookonchain tracked the developer address 0x6aF3...79E. Previously, they created a meme coin called $Niu Lai, whose peak market value once surged to $49 million—making many followers who bought the token profit handsomely, while the developer themselves bought nothing and gained nothing.
After suffering this loss, the developer issued three new tokens—Banjun Tizi, Niu Lai, and $Moo—using the same wallet address. This time they learned their lesson and kept a position for themselves, pre-planning ahead. In total, they achieved $25.3k in profit.
On-chain records show that, in one transaction, they liquidated within 1 day for a profit of $10.7k (a gain of 459.3%). The other two liquidations yielded $7,390 and $7,250 respectively (both with gains over 60%). Only one small trade resulted in a minor loss of $16.63.