$NEIRO memecoin Finds Market Maker Wintermute, Withdraws 4.34M Tokens From Gate Within 24 Hours

The popular memecoin based on Ethereum, $NEIRO now has found the leading algorithmic crypto trading firm, Wintermute as its market maker(MM)

output: A popular memecoin that is based on Ethereum, $NEIRO has now found the leading algorithmic crypto trading firm, Wintermute to be its market maker with the latter now holding 0.5% of the memetoken’s total supply.

According to Arkham Intel, Wintermute withdrew a total of 4.34M $NEIRO, valued at $736000 from Gate within 24 hours. Currently, Wintermute holds 5.74M $NEIRO which contributes to 0.5% of the total $NEIRO token supply.

With its massive holdings in $NEIRO, Wintermute has joined the ranks of being a market maker and can now aid the community by providing the market with liquidity and ensuring its continuous functionality. Its growing popularity has positioned $NEIRO as the next major memecoin following in the footsteps of OG meme tokens like $DOGE and $SHIB.

$NEIRO is currently priced at $0.1868 with a massive surge of 18.73%. The memetoken which is also known as ‘the sister of $DOGE’ has seen an insane trajectory and jumped by 453.47% in the past 7 days.

One of the major factors that triggered its rapid and sudden jump was Binance Futures launching a NEIRO ETHUSDT Perpetual Contract on September 6. This new product led to a 104% surge in its market value.

The perpetual contract was introduced to allow users to trade the price movements of Neiro Ethereum (NEIROETH) against USDT with up to 75x leverage. This development is especially exciting for experienced traders who want higher exposure with relatively smaller capital.

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