Niulai Issuer Launches Duplicate Tokens, Creating $17.1M Market Cap Divergence

The Niulai issuance address deployed two identical tokens, resulting in a massive valuation gap between the $17.1M and $34k assets. A separate Xiuzou token was also issued recently.

Woofun AI reports that the issuance address associated with the meme coin 'Niulai' deployed two tokens bearing the same name just two days prior. These duplicate assets currently exhibit a stark valuation disparity, with market capitalizations of approximately $17.1 million and $34,100 respectively.

Additionally, this same address issued the 'Xiuzou' token 22 hours ago, which holds a current market cap of around $186,100. The source advises caution, noting that such meme coins often lack utility and are subject to extreme price volatility.