Back then, in their study, Moore dealt with the moths portion and Wallace investigated the butterflies. Together, they reported 139 species, comprising 93 nocturnal 46 diurnal species, respectively. Of the latter, five species were described as new to science. Even though the correct placements of four out of those five butterflies in question have been verified a number of times since 1886, one of those butterflies: Lycaena nisa, would never be re-examined until very recently.

In a modern-day research project on Taiwanese butterflies, scientists retrieved the original type specimen from the Wallace collection at The History Museum of London, UK. Having also examined historical specimens housed at the Taiwan Agricultural Research Institute, in addition to newly collected butterflies from Australia and Hong Kong, Yu-Feng Hsu of the National Taiwan Normal University finally resolved the identity of the mysterious Alfred Wallace's butterfly: it is now going by the name Famegana nisa (comb. nov.), while two other species names (Lycaena alsulus and Zizeeria alsulus eggletoni) were proven to have been coined for the same butterfly after the original description by Wallace. Thereby, the latter two are both synonymised with Famegana nisa.