Niu Lai transferred another 1.27 million USD to the exchange today
Some buddies asked me why Niu Lai's market cap has been hovering around 100 million USD for so long, and today it even dropped to 80M. Given the massive meme explosion expected in 2024, this kind of asset should be worth at least 1 billion USD or more.
First, from the perspective of capital liquidity, we're still in the bear market phase right now, whether on-chain or in secondary markets. Robinhood just gave the on-chain a bit of a blood transfusion, but there's no incremental capital coming in—it's mostly existing stock PVP gambling. You can see this from the long-short structure in Binance futures. And 2024 is the starting point of the bull market, with market funds itching to move; they'll go all-in on good targets without fear of catching the falling knife.
Second, analyzing from the chip structure, for Niu Lai, I've seen several retail holders with positions over 1M USD. You can tell from the recent hot strong-consensus meme coins like Binance Life and Hachi Mi— they won't pump until the chips are washed clean.
Combining this with the airdrop Binance gave to Niu Lai holders a few days ago, it's strikingly similar to how Binance frequently launches trading competitions for new tokens. Think about it carefully: the airdrop money definitely isn't coming from Binance, so it has to be the market makers. And market makers are always the counter-party to us retail folks. Every trading competition, market makers put up 200K USD as rewards for retail, but within days, those tokens crash hard in the short term—without exception. A lot of fans who see a trading comp token launch immediately short it, and the win rate is super high.
1/7/30-day exchange large withdrawal data
$哈基米 $牛来 $龙虾
Some buddies asked me why Niu Lai's market cap has been hovering around 100 million USD for so long, and today it even dropped to 80M. Given the massive meme explosion expected in 2024, this kind of asset should be worth at least 1 billion USD or more.
First, from the perspective of capital liquidity, we're still in the bear market phase right now, whether on-chain or in secondary markets. Robinhood just gave the on-chain a bit of a blood transfusion, but there's no incremental capital coming in—it's mostly existing stock PVP gambling. You can see this from the long-short structure in Binance futures. And 2024 is the starting point of the bull market, with market funds itching to move; they'll go all-in on good targets without fear of catching the falling knife.
Second, analyzing from the chip structure, for Niu Lai, I've seen several retail holders with positions over 1M USD. You can tell from the recent hot strong-consensus meme coins like Binance Life and Hachi Mi— they won't pump until the chips are washed clean.
Combining this with the airdrop Binance gave to Niu Lai holders a few days ago, it's strikingly similar to how Binance frequently launches trading competitions for new tokens. Think about it carefully: the airdrop money definitely isn't coming from Binance, so it has to be the market makers. And market makers are always the counter-party to us retail folks. Every trading competition, market makers put up 200K USD as rewards for retail, but within days, those tokens crash hard in the short term—without exception. A lot of fans who see a trading comp token launch immediately short it, and the win rate is super high.
1/7/30-day exchange large withdrawal data
$哈基米 $牛来 $龙虾
