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Cryptocurrency News Articles

Trader Makes Over 30x Returns With Neiro on Ethereum: NEIRO Price Pumps

Oct 12, 2024 at 05:33 pm

A trader made substantial gains with the Neiro token on Ethereum, according to data shared by blockchain analytics platform Lookonchain.

Trader Makes Over 30x Returns With Neiro on Ethereum: NEIRO Price Pumps

A trader has made over 30x returns by selling their NEIRO holdings on the Ethereum blockchain, according to data shared by blockchain analytics platform Lookonchain. The trader sold 8.41 billion NEIRO for $32,400, having initially purchased the tokens for around $1,000.

The trader spent 0.32 ETH (approximately $1,000) to acquire 8.41 billion NEIRO tokens, which were later sold for 9.98 ETH ($32,400). This売却により、30倍の利益が出ました。

The 8.41B $Neiro this guy sold for $32.4K is now worth $17.5M!

He spent only 0.32 $ETH($1K)

8.41B $Neiro sold all for 9.98 $ETH($32.4K), a 30x return!

That's a significant gain, but if he had held on to it until now, the return would have exceeded 16,690x!… pic.twitter.com/9uiP4fVLRm

However, had the trader maintained their position, the potential returns would have been much higher. At current prices, the same NEIRO holding would be valued at approximately $17.5 million, indicating a hypothetical 16,690x return.

NEIRO has shown strong momentum in the crypto market. CoinGecko reports that the token is currently trading at $0.1144, with a 24-hour trading volume of $112,397,981.

Moreover, NEIRO has seen a 87.12% price increase in the past week, suggesting growing interest from traders and investors.

Crypto trader Satoshi Flipper shared their perspective on NEIRO’s price action. In a tweet, they highlighted entering a position in NEIRO following a "beautiful breakout of this bullish descending channel as price was resting on support."

Satoshi Flipper also expressed their interest in the token’s potential, adding that the “top of the range for this breakout is a 3x from here.”

#NEIROETH/usdt 4 hour

Got a little jealous everyone is having fun with $NEIRO so I aped the beautiful breakout of this bullish descending channel as price was resting on support.

All my friends love $NEIRO on #Ethereum ( @NeiroOnEthereum ) … top of the range for this breakout… pic.twitter.com/03yvqEzYxB

The trader’s comments reflect the positive sentiment toward NEIRO within some segments of the crypto trading community. This enthusiasm, along with the token’s recent price performance, may be contributing to its increased trading volume and market visibility.

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