NEIRO Token Enters the Top 100 Cryptos as Whales Accumulate 29 Million Tokens, Poising the Token for a 50% Surge

NEIRO has been a performer this past week despite broader market uncertainty. The token has risen 65.86% over the past week, with an impressive 24-hour trading volume of $605 million

NEIRO’s (NEO/USDT) entry into the top 100 cryptos has been accompanied by significant buying from large entities, commonly known as "whales." According to data from a crypto鲸观察员, over 29.1 million NEIRO tokens have been accumulated by whales in the last 3 days alone.

For context, the total market cap of all cryptocurrencies on Friday morning stood at $963 billion, up 1.2% over the past 24 hours. Meanwhile, bitcoin trades above $20,000 for a second day, and ether is up 6%.

This buying spree has been a major driving force behind the recent price gains for NEIRO, which have seen the token soar by 65.86% over the past week. At the time of writing, NEIRO is trading at $0.00176148, with a 24-hour trading volume of $605 million and a market cap of $743 million.

Some of the largest accumulations of NEIRO tokens were made by GSRMarkets, which bought 15 million tokens on Thursday morning. Their holdings increased from $939,000 to $1.17 million. However, over the past nine hours, bwecapital.eth withdrew 4.065 million NEIRO, roughly $298,000, from the Bybit exchange.

Furthermore, two new whales — address 0xa1d and 0x00d — both netted over 10 million NEIRO in separate Ethereum transactions And these aren’t just purchasing a token we don’t fully understand yet, these are huge purchases that clearly demonstrate people’s strong interest in the token itself.

As you can see from the above, two new whales — address 0xa1d and 0x00d — both netted over 10 million NEIRO in separate Ethereum transactions. One transaction was for 10.79 million NEIRO, valued at about $198,000 at the time of the transfer, while the other was for 14.06 million NEIRO, valued at about $258,000.

The recent price action for NEIRO has been largely technical, with the token breaking above a descending trendline on the NEO/USDT Chart on a 1 hour timeframe. This breakout has shifted momentum upward again, and a key area to watch will be the retest to the immediate support level at $0.00166450.

If the retest is successful, it could offer an opportunity to buy and reinforce the breakout moving above the current price of $0.00176148, which should continue to support the bull trend.

The next key resistance level to watch is at $0.00250000, which would represent a surge of approximately 50.42% toward this target if the bullish momentum continues. Failure to hold above the $0.00166450 support could indicate a need for more consolidation before another upward attempt.