Neiro: The New Meme Coin That Has Rocked the Cryptocurrency Market

The meteoric rise of the new meme coin Neiro has deeply affected other popular coins. Neiro, which has become the favorite of investors, has started a golden age in the market, while other meme coins have experienced serious declines.

The cryptocurrency market is witnessing surprising developments again! The new meme coin Neiro has started to affect other popular coins with its meteoric rise. While Neiro, which has become the favorite of investors, is experiencing a golden age in the market, other meme coins are experiencing serious declines.

The new meme coin affects the market

The hottest name in the cryptocurrency world in recent days, Neiro, is taking the market by storm. With the intense trading of this new meme coin on July 28, other popular early meme coins experienced noticeable declines. According to experts in the market, this situation is explained by the capital shifting to Neiro, which attracted the attention of investors. One of the coins that suffered the greatest loss due to Neiro’s effect was MIGGLES. MIGGLES, which reached a 24-hour decline of 31.1%, is traded at $ 0.05394. Similarly, BILLY fell by 23.1% to $ 0.1383. RETARDIO and MEW lost 20.1% and 19.7%, respectively. Even POPCAT, one of the major players in the market, was affected by this situation, falling 11.7% to $0.8041.

Neiro developer earns huge

While these rapid declines worried investors, the success story behind Neiro also became a matter of curiosity. According to Lookonchain’s tracking, Neiro’s developer managed to earn 15,508 SOL (approximately $2.85 million) with an investment of only 3 SOL (approximately $552). This means a return of approximately 5,169 times. The developer started by buying 97.5 million Neiro for 3 SOL and later sold 68 million Neiro to different wallets for 15,511 SOL, making a huge profit. The developer, who sent the remaining 10 million Neiro to another wallet, still has 19.5 million Neiro in his hands. The current value of this amount is approximately $1.8 million, which is a profit that the developer has not yet realized.

The dev of $Neiro has made 15,508 $SOL($2.85M) with only 3 $SOL($552), a gain of 5,169x!?He spent 3 $SOL($552) to buy 97.5M $Neiro when deploying $Neiro.Then he sold 68M $Neiro for 15,511 $SOL($2.85M) through multiple wallets, with a realized profit of 15,508 $SOL($2.85M).… pic.twitter.com/0PBP6gpJ0e

Neiro is a Solana-based meme coin. Interestingly, it was inspired by the dog that DOGE owner Atsuko Sato recently adopted. This may have given the coin an extra boost from popular culture. However, experts emphasize that such meme coins have high volatility and that investors should be careful. While it is possible to make big profits in a short time, it is also possible to experience big losses at the same speed. For this reason, investment decisions should be made carefully and the market should be followed. The future of Neiro and the status of other meme coins are among the issues that investors will follow closely in the coming days.

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