On August 30, on-chain analyst Ai Yi observed that address 0x90c…888ac deployed roughly $1 million in an hour to purchase 12.25 million Niu Lai tokens, effectively rebuilding its stake in the project.

BlockBeats On-chain Detection noted that Niu Lai’s market value briefly rose above $90 million during the purchase window.

This was not the address’s first foray into Niu Lai. The wallet previously opened a position 13 days earlier and fully exited five days ago at a price of $0.03162 before re-entering after closing out its holdings.