A crypto trader turned a modest $16.5K investment into a staggering $1.8 million as the meme token Neiro (NEIRO) skyrocketed following its listing on Binance. This comes after the NEIRO price surged over 1000% today. Moreover, another trader also got lucky with over $500,000 in profits within just a day of investing.
The smart trader, known by the pseudonymous address 0x6ac, purchased 5 ETH worth of NEIRO during the first two days of its existence. Holding onto the asset for eight weeks, their decision paid off when Binance announced its listing. This announcement sent the price of the meme coin soaring over 100 times higher than the trader’s initial investment.
This extraordinary windfall highlights the potential volatility and rewards that can come with early investments in low-market-cap tokens, particularly in the meme crypto domain. Adding to the frenzy, another crypto trader capitalized on the Binance announcement just minutes before it went live.
This individual purchased NEIRO roughly 40 minutes before today’s listing announcement and is now sitting on over $516,000 in profits in less than six hours. NEIRO surged by 1000% today, driven by the excitement surrounding its official Binance debut. However, this crypto trader is deemed an insider owing to the timing of the purchase.
Binance announced today that trading for Neiro, along with two other meme tokens, Turbo (TURBO) and Baby Doge Coin (1MBABYDOGE), will begin on September 16, 2024, at 10:00 UTC. The newly listed pairs – NEIRO/USDT, TURBO/USDT, and 1MBABYDOGE/USDT will be open for deposits starting one hour before trading commences.
Meanwhile, the exchange withdrawals for all three tokens will be available from September 17 at 10:00 UTC. All three tokens are categorized under Binance’s “seed” tag, indicating their early-stage development and high-risk profile.
NEIRO, which offered humungous profits to the above-mentioned crypto trader, is a dog-faced meme token on the Ethereum blockchain. Currently, it’s gaining traction within the crypto community. Turbo, another token being listed on Binance, was created using artificial intelligence. Hence, it is appealing to a growing segment of digital currency enthusiasts. Meanwhile Baby Doge is built on both the BNB Smart Chain and Ethereum networks.
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