- NEIRO rallied over 1600% in the past 30 trading days.
NEIRO survived Buterin’s dump and has now been accepted by Wintermute.
As a seasoned researcher with a penchant for deciphering the cryptic world of digital assets, I must admit that the meteoric rise of NEIRO has left me both astounded and intrigued. Having navigated through numerous market cycles, I’ve seen my fair share of pump-and-dumps, but the resilience displayed by this memecoin is truly noteworthy.
Among the latest and buzzing meme-based cryptocurrencies on Ethereum (ETH), Neiro (NEIRO) is generating a lot of attention and discussion on various social media outlets.
On August 8th, NEIRO ranked third among Bitcoin (BTC), Ripple (XRP) and other cryptocurrencies on CoinMarketCap’s list.
In simple terms, the meme coin based on dogs experienced a tremendous increase of more than 1600%. On a weekly scale, it also grew by about 30%. During a period when many tokens suffered due to market turmoil, this particular token remained one of the few that showed growth.
So, what’s the catalyst for the current massive interest?
Wintermute joins NEIRO?
As per reports from Whale Insider, it appears that Wintermute was the top owner or possessor of NEIRO within the cryptocurrency market.
“JUST IN: Leading market maker, Wintermute, is now the top holder of Ethereum memecoin/”
Based on Arkham’s information, Wintermute owned approximately 15 million NEIRO tokens valued at more than $4 million when the data was collected.
One user speculated that because Wintermute was involved in and behind dogwifhat’s [WIF] success, NEIRO’s market cap could increase from millions to a billion dollars.
‘The same market makers that took $PEPE from $300m to multi-billions now biggest holders of $NEIRO’
In the last week, the value of the meme cryptocurrency has reached unprecedented peaks. It started at $0.0025 in late July, but by the 7th of August, it had surged to an impressive $0.3 on the Ethereum network.
Based on Dextools data, the market capitalization of NEIRO reached approximately $236 million at a current price of $0.24.
Currently, the rally appears to be slowing down. If the downtrend continues, Neiro might drift down to approximately $0.18. Afterward, it could potentially explore new price levels around $0.37.
Notably, a dramatic surge in the meme coin’s price occurred mere days following Vitalik Buterin, Ethereum’s founder, selling off his holdings. This action led to NEIRO losing more than 60% of its worth.
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2024-08-09 03:03