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Cryptocurrency News Articles
Whales Accumulate $NEIRO (Neiro Ethereum) as Market Cap Nears $100 Million, Will Binance Be Next to List the Token?
Sep 30, 2024 at 05:32 pm
Recent on-chain data suggests that $NEIRO (Neiro Ethereum) is currently in an accumulation phase, with several prominent whales showing interest in the token.
Recent on-chain data suggests that several prominent whales are showing interest in accumulating NEIRO (Neiro Ethereum), a token that has attracted attention with a market cap still below $100 million and decentralization efforts that could pique the interest of major exchanges like Binance.
Over the past week, several large transactions involving NEIRO have been observed. One whale, known as 0x6ab, has quietly amassed 17.7 million NEIRO at an average price of $0.086, displaying confidence in the token’s potential for growth.
Another whale, 0x9Ba, also made a substantial purchase of 17.5 million NEIRO on September 6 at a price of $0.154. This whale is known for having profited from FET in the past, although its performance with meme coins has been less successful.
Whales Have Been Accumulating NEIRO for Weeks
In smaller yet still significant transactions, another whale, 0xAB5, has steadily accumulated 6 million NEIRO over the past month, dollar-cost averaging at a price of $0.128. This whale has a history of profits, particularly with Pepe (PEPE) in the past.
On the other hand, another large whale, 0x1ED, purchased 8.6 million NEIRO at a price of $0.116 but has sold some holdings without realizing a profit. Currently holding 5.6 million NEIRO, this whale realized gains from ETHFI, SYN, and PENDLE in the past.
Finally, market maker Wintermute maintains a significant holding of 52.97 million NEIRO, valued at $4.97 million, which represents 5.3% of the total supply. This continued interest from key players in accumulating NEIRO reflects a belief in the future growth of the token.
With the token showing signs of increased decentralization and whale accumulation, speculation is rising about a potential listing on Binance’s spot market. As interest in NEIRO grows, it remains to be seen whether Binance will take the next step in recognizing the token’s rising influence.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or using any service.
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