NEIRO Quickly Emerges as the Most Compelling Memecoin Narrative of This Cycle, Gaining Serious Traction in the Market

Leading market maker Wintermute has even become the top holder of Ethereum-based memecoin $NEIRO, further validating its growing influence.

Leading market maker Wintermute has emerged as the top holder of Ethereum memecoin $NEIRO (@neiro_ethereum).

This development comes amid a remarkable surge in $NEIRO's price and trading volume, fueled by the recent memecoin craze.

One trader has managed to turn a modest $30 investment in $NEIRO into an astonishing $1.3 million in less than a month, showcasing the immense potential of this memecoin.

On July 28th, the trader purchased 9.98 million $NEIRO at a price of $0.00003043, with the total cost of the trade amounting to $30.36.

Two days later, as the price of $NEIRO soared by over 1,600%, the trader's holdings were valued at an incredible $49.22. To ensure the safety of his burgeoning crypto fortune, he proceeded to transfer his NEIRO holdings into two sub-wallets.

Let's follow the movement of these sub-wallets:

0xe0fb Wallet:

This wallet initially received 5 million $NEIRO at a price of $0.00025375.

On July 31st, 2024, the wallet sent 1.23 million $NEIRO to three different wallets, totaling 3.69 million $NEIRO.

A small portion of $NEIRO was sold off, leaving 1.22 million $NEIRO in the wallet.

On August 4th, the wallet transferred 2.5 million $NEIRO to another wallet, 0x5ea2.

0x5ea2 Wallet:

On August 5th, this wallet moved all of its $NEIRO holdings to the 0xcd2a wallet.

0xcd2a Wallet:

Between August 5-6, 2024, the 0xcd2a wallet deposited 1.5 million $NEIRO onto Bitget, while still retaining 1 million $NEIRO worth $273K.

If fully sold at the peak, the estimated profit from this move would be $130K.

0x4801 Wallet:

The second sub-wallet, 0x4801, received 4.98 million $NEIRO at a price of $0.05785 on July 30th, 2024.

On August 1st, this wallet deposited 1 million $NEIRO onto Bitget.

Over the past six hours, this wallet continued to deposit 3 million $NEIRO onto MEXC and Gate.io.

If fully liquidated, this wallet’s estimated profit would be around $1.15 million.

In total, the trader recorded a jaw-dropping profit of $1.3 million, a return of over 4.28 million percent.

Remarkably, the trader is still holding approximately 2.1 million $NEIRO, valued at $568.42K, highlighting the enduring strength of this memecoin.

This story serves as a testament to the immense volatility and potential for astronomical gains in the world of cryptocurrencies, particularly during bull markets. However, it's crucial to approach crypto trading with caution and conduct thorough research before making any trades.

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Image Source: tinofotografie/123RF // Image Effects by Colorcinch

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