Sign Up on MEXCCrypto Whale Bets Heavily On Neiro Ethereum Amid 46% Pump, More Gains Ahead?
Highlights
- Crypto whale garners significant attention with massive Neiro Ethereum accumulation.
- In light of previous trading strategies, the NEIRO accumulation projected bullishness on the coin's price ahead.
- NEIRO price rallied 46% in a week, whereas it extended 24-hour gains to 23% on Saturday.
In an unprecedented development, a crypto whale caused a stir across the broader industry on Saturday, heavily accumulating Neiro Ethereum (NEIRO), the Shiba Inu dog breed-themed meme token.
On-chain statistics indicated that a whale freshly bagged nearly 8 million tokens, sparking market optimism over the coin’s price movements among market watchers. NEIRO price is currently up 46% over the week, while the coin extended intraday gains to 23%, cementing investors’ optimism on its potential to offer gains ahead.
Crypto Whale Bags 8M Neiro Ethereum Tokens Echoing Market Frenzy
Data from Spotonchain dated November 2 reveals that a crypto whale, being a smart meme trader, withdrew 8.02 million Neiro Ethereum coins, worth $782.74K, from the crypto exchange Bitget. The whale address 0x944 was recorded as making the transaction. Notably, the massive accumulation from the leading crypto exchange gained significant traction across the broader market, primarily due to the address’ previous trading strategies.
As per the data, the trader previously earned hundreds of thousands of dollars in profit from meme tokens such as WOJAK and TURBO. These trade moves have in turn sparked investor optimism over the dog-themed meme crypto’s future movements. Notably, the trader currently holds nearly 0.5 million worth of MAGA and small amounts of ETH. Overall, the trader’s move added bullish projections surrounding NEIRO’s price.
Coin Price Rallies 46% In A Week
NEIRO price soared nearly 46% over the past week and is currently trading at $0.09468. The coin’s intraday gains totaled 23% at press time, with a 24-hour low and high of $0.07567 and $0.1026, respectively. Notably, the coin’s rising trajectory aligns with the bullish sentiments prevailing in light of the massive accumulation by a whale. Further, the token’s 24-hour trading volume surged 48% over the past day to reach $47.05 million.
Coinglass data pointed out that the coin’s futures OI jumped 24% to $71.89 million today. Also, the derivatives volume surged 56% to $1.16 billion, underscoring increased investor in the asset. Overall, the current market stats mirror considerable optimism for the meme coin.
Meanwhile, it’s also worth mentioning that a recent CoinGape Media report revealed that Neiro Ethereum partnered with market maker DWF Labs, solidifying its stance in the market. Crypto market enthusiasts continue to monitor the token for further gains in light of increased buying pressure and recent developments.
- REX-Osprey XRP ETF Debuts With Record $37.7M Volume as Analyst Projects Bullish Run
- MetaMask Token to Launch Sooner After mUSD Stablecoin: Consensys CEO Joe Lubin
- Grayscale’s XRP, SOL, ADA Fund To Begin Trading Today
- Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook
- Pi Coin Rises As Pi Network Implements Protocol v23 on Testnet
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
