Crypto trader turns $120 into over $200,000 in hours

A cryptocurrency trader has turned a $120 investment into more than $205,000 after making an early bet on the BNB Chain meme coin NiuLai. The trader purchased 19.1 million NiuLai tokens for just $120 before the token surged in value. The wallet later sold 9.1 million tokens for approximately $25,900 while retaining 10 million tokens worth about $180,200 at the time of reporting, according to on-chain data shared by Lookonchain on August 16. Combined realized and unrealized gains stood at roughly $205,800, representing a return of more than 822 times the initial investment. On-chain data shows the trader entered the…