First Neiro on Ethereum (NEIRO), a meme coin, is one of the top performers this week. Over the last seven days alone, the token has soared over 332X
NEIRO Surges 332X In A Week, Early Trader Makes Millions As Whale Accumulates
First Neiro on Ethereum (NEIRO) had a banner week, up 332X in the last seven days alone. The meme coin, which struggled to break the $100 million market cap just weeks ago, now boasts a market cap of over $341 million, making it one of the top performers this week.
NEIRO Token Surges 109% In A Day
NEIRO is up 109% in the last 24 hours, largely due to a surge in trading volume, according to trackers. Technically, this combination of rising prices and strong engagement usually indicates strong underlying momentum. Some hints suggest that NEIRO has more room to run, and early investors could be set for further gains.
A surge in interest and FOMO, sparked by the Binance listing on September 16, could be a major factor driving the recent price surge.
According to Binance, the world’s largest exchange by trader count, NEIRO, along with two other meme coins, TURBO and BABYDOGE, began trading on September 16. Traders were permitted to begin withdrawing the token yesterday, September 17.
Even before the listing, the meme coin was a top performer, posting triple-digit gains as excitement built. Now, less than 48 hours later, traders are doubling down, FOMOing into the meme coin to ride the trend.
The Surprising Story Of An Early NEIRO Trader
Some early traders were heavily rewarded during this sharp leg up, according to analysts. Arkham data on September 16 showed that one trader, identified only as “0x6ac,” turned a $16,500 investment into over $1.8 million by getting in early before the listing.
According to analysts, the address began accumulating large amounts of NEIRO after the token launched. The address reportedly continued accumulating, unfazed by market conditions, until the Binance listing, at which point they cashed out.
Some interesting developments are also being flagged by trackers. Whales and social media influencers are also accumulating the meme coin.
According to on-chain movements, one influencer, @BitCloutCat, began buying the token after the Binance listing. As of September 17, the influencer was in the green, showing a profit of over $808,000. Another whale also bought 4.67 billion NEIRO, valued at over $1.3 million, fanning the flames of demand.
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