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Cryptocurrency News Articles

Whale Accumulation Signals Market Interest in $NEIRO (@NeiroOnEthereum)

Nov 03, 2024 at 02:30 am

A smart meme trader accumulated $NEIRO (@NeiroOnEthereum) for the first time.Whale 0x944 withdrew 8.02M $NEIRO ($782.74K) from Bitget 6 hours ago

Whale Accumulation Signals Market Interest in $NEIRO (@NeiroOnEthereum)

A well-experienced crypto trader in the meme coin market, known as 0x944, has recently made his first purchase of NEIRO in a significant volume, leaving an immediate impact on the market for the token. The last purchase, which occurred 6 hours ago, involved 8.02 million NEIRO (approximately equivalent to $782.74K) that was withdrawn from the crypto exchange Bitget.

This bulk purchase has already caused the price of NEIRO to rise by 17.12 % compared to 24 hours ago, and it is expected to continue rising throughout the day as more people become aware of this transaction and decide to invest in NEIRO. This is usually what happens when established crypto traders buy more tokens, which leads to more focus and investment into such an asset. Such a move and the whale’s track record of turning meme coins into profits clearly show that the memecoins has a bright future in the short run.

The memecoin has been trading at a lower price for the past few days, but this large purchase is bound to have a positive effect on the token’s price, which is expected to rise significantly by the end of the day. This is bound to happen, especially considering the fact that 0x944 has been known to make huge profits from meme coins in the past, and his entry into the NEIRO market is bound to bring in more investors.

As per the latest updates, Whale 0x944 owned a good range of assets, but now, NEIRO has dominated the chart of his portfolio. Apart from that, he holds other tokens, including 2.625 billion MAGA worth $494.74K, 0.254 ETH valued at $636,570, and USDT and WETH in smaller figures.

This transaction has stirred the interest of crypto analysts and enthusiasts across social media platforms and trading platforms. Whale 0x944 is known to have profited from such assets, and the community is hopeful that he will bring more investors and a rise in the price of NEIRO. The memecoin received a lot of attention because of the large investment by a leading whale investor, which has pushed the price up. As the community sentiment shifted, traders and investors were closely hoping and speculating whether such a move would cause an extended bullish run on the token.

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