NEIRO Accumulation Spikes: Whales Take Millions as Market Awaits Potential Binance Listing

Recently, multiple whales have accumulated over 100 million NEIRO tokens at various average prices. Apart from that, Wintermute, a market maker, continues to hold a large amount of 52.97M NEIRO.

$NEIRO (Neiro Ethereum) seems to be in an accumulation phase according to our latest on-chain data:

1/ Whale 0x6ab accumulated 17.7M $NEIRO in the last 7 days at an average price of $0.086.

2/ Whale 0x9Ba bought 17.5M $NEIRO on Sept 6 at $0.154. While profitable with $FET, this… pic.twitter.com/z1b5pM6NSo

— Spot On Chain (@spotonchain) September 27, 2024

NEIRO is essentially a meme coin established on the Solana blockchain. Kabosu, the beloved Shiba Inu puppy who inspired the Dogecoin joke coin, passed very shortly after its start. Indeed, Kabosu’s owner adopted a new dog, and the name “NEIRO” is a nod to that dog.

Surprisingly, a boom in meme coin activity occurred alongside the NEIRO coin craze. Many meme coins have emerged on the Solana and Ethereum blockchains, causing price swings and heavy trade. Indeed, NEIRO’s popularity has skyrocketed thanks to its association with the adored Shiba Inu, Kabosu. As a result of this link, the Dogecoin community has reached out to new investors looking for the perfect meme coin.

Will Binance List NEIRO?

Here are the details of the accumulations:

• Whale 0x6ab has amassed 17.7 million NEIRO over the course of the past seven days, with an average price of $0.086.
• On September 6, Whale 0x9Ba purchased 17.5 million $NEIRO at a price of $0.154. Despite the fact that it has been profitable with FET, this whale has not been as successful with meme money.
• Over the course of the previous month, Whale 0xAB5 has amassed 6 million dollars worth of $NEIRO, DCAing at $0.128. In the past, Whale 0xAB5 has earned significant profits using PEPE.
• 0x1ED Whale, for $0.116, accumulated 8.6 million $NEIRO, sold some of it without making a profit, and today retains 5.6 million. $ETHFI, $SYN, and $PENDLE have all been profitable investments for it in the past.

Regarding a possible Binance spot listing, it’s difficult to state with inside knowledge. However, a mix of growing decentralization, good on-chain activity, and a market cap approaching $100M would surely make $NEIRO a compelling prospect. Coins displaying strong demand, robust market foundations, and active community support are typically the subjects of Binance’s concentration. Should these indicators keep trending higher, $NEIRO might draw interest.

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