Niu Lai (牛来) Hit $49M Market Cap, but Its Developer Made No Profit

The developer behind the Niu Lai (牛来) token earned about $25,300 from three subsequent token launches after making no profit from Niu Lai itself, according to blockchain analytics platform Lookonchain.

The developer, identified by the wallet address beginning 0x6af3, created Niu Lai, which reached a peak market capitalization of $49 million. While other traders profited from the token, the developer did not buy any Niu Lai tokens and recorded no profit from it, Lookonchain said. 

The same developer later launched $绊倒体, $牛来了, and Moo, generating a combined profit of $25,300, according to the blockchain analytics platform.

Source: Lookonchain