By Finbold | Created at 2026-08-17 14:26:25 | Updated at 2026-08-19 22:10:01
2 days ago
牛来 (Niu Lai) 牛来, the cryptocurrency named after the Chinese movie of the same name, has surged 5,000% over the past week, fueled by the film’s meme status and a highly successful trading story.
The rally accelerated after an August 16 report highlighted a trader who allegedly turned a $120 investment into more than $205,000 within hours by buying the token at an extremely low market capitalization.
As the latest data shows, the trader had bought 19.1 million Niu Lai at launch, sold 9.1 million for $25,900, and still holds 10 million tokens. Overall, the combined return exceeds 822x the initial investment.
At press time, the meme coin was changing hands at $0.048 and enjoying a market cap of $45.4 million.
Niu Lai price 1 week. Source: CoinMarketCapViral movie sparks a meme coin rally
As mentioned, the rally has coincided with the rising popularity of the Chinese movie of the same name, which quickly earned meme status due to poor animation quality.
The story about the highly successful trade was thus destined to circulate quickly, reinforcing the meme-coin “lottery ticket” narrative and attracting waves of speculative buying as the flick continued to garner attention.
As such, the surge is driven primarily by social momentum and speculative demand, not underlying utility. In other words, the asset is more than vulnerable to a sudden reversal once the chatter surrounding the project begins to fade.
For now, the asset’s near-term momentum remains strongly bullish. The $0.04 level has emerged as a key support zone, and if buying pressure remains strong, traders could be looking forward to a $0.05 target. The token is currently seeing approximately $46.09 million in 24-hour trading volume.
Featured image via Shutterstock
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today!
Apply now to join Finbold as a crypto/finance news writer!
