NEIRO Meme Coin Takes Off, Creating Millionaires as Whales Show Interest: Could This Be the Start of a Bull Run?
In a remarkable turn of events, Neiro on Ethereum (NEIRO), a meme coin, has emerged as one of the top performing tokens this week. Increasing by an astounding 332X in just seven days, NEIRO’s market cap has now exceeded $341 million. This astonishing rise demonstrates the token’s incredible growth, previously struggling to surpass the $100 million threshold.
NEIRO Enjoys Remarkable Surge Following Binance Listing
Trackers report that NEIRO has surged by 109% in the past 24 hours, primarily due to increasing trading volume. When prices rise and engagement intensifies, it signifies strong underlying momentum. As a result, experts believe that NEIRO still has room to grow, indicating potential gains for early investors.
The hype surrounding NEIRO is certainly a major factor contributing to the spike in engagement and price. This, in turn, has triggered a widespread fear of missing out (FOMO), particularly after its listing on Binance on September 16.
Binance, the world’s largest exchange by trader count, announced that NEIRO, along with two other meme coins, TURBO and BABYDOGE, would commence trading on September 16. Subsequently, on September 17, traders began withdrawing the token from the exchange.
Even prior to its listing, NEIRO was already performing exceptionally well, recording triple-digit growth as excitement surrounding it escalated. Less than 48 hours later, traders are showing greater interest, eagerly jumping on the NEIRO bandwagon to ride the rising trend.
A Trader’s Million-Dollar Opportunity as Whales Build Positions
In the midst of this remarkable surge, analysts make note of the substantial rewards earned by some early traders. On September 16, Arkham data revealed that an anonymous trader, identified as “0x6ac”, transformed a $16,500 investment into over $1.8 million by entering the market pre-listing.
Instead of succumbing to market conditions, this particular address continued accumulating significant amounts of NEIRO until the listing on Binance, ultimately capitalizing on the favorable timing.
In addition to these developments, trackers have also taken notice of interesting movements among whales and social media influencers, who are accumulating NEIRO. On-chain data reveals that one prominent influencer, @BitCloutCat, has been actively purchasing the token following its listing on Binance. As of September 17, this influencer has already made profits exceeding $808,000. Furthermore, another whale obtained 4.67 billion NEIRO, valued at over $1.3 million, further stimulating demand for the coin.