Date: Thu, Sept 05, 2024, 04:50 PM GMT
Neiro Ethereum (NEIRO), a memecoin that’s been making waves in the cryptocurrency market, has seen a major surge in the last 24 hours. The token’s price has jumped by 41.63%, bringing it to $0.07617. This surge has pushed NEIRO’s market cap to $75 million, drawing the attention of investors.
One of the key factors behind this price surge is a recent purchase by a crypto whale. According to Lookonchain, a whale with assets totaling $2 million has bought 3.9 million NEIRO tokens over the past two days, a purchase worth $276,000.
A whale with $2M assets bought 3.9M $NEIRO($276K) in the past 2 days!
— Lookonchain (@lookonchain) September 5, 2024
He exchanged 19.7 $ETH($48.3K), 695 $BANANA($25.5K), 180M $FLOKI($21.6K), 4,600 $RNDR($21.5K), 12,000 $FET($13.4K) and 700M $PEPE($5K) for 3.9M $NEIRO!https://t.co/peemrVXNgC pic.twitter.com/YRckJA6ubK
The whale used a mix of different assets to acquire the NEIRO tokens, including 19.7 ETH ($48.3K), 695 BANANA ($25.5K), 180 million FLOKI ($21.6K), 4,600 RNDR ($21.5K), 12,000 FET ($13.4K), and 700 million PEPE ($5K).
While the recent surge is promising, it’s essential to approach NEIRO with caution. The token is still down more than 90% from its all-time high of $0.29, which it hit on August 7th. This steep drop highlights the volatility and risks associated with investing in memecoins like NEIRO.
As NEIRO’s price continues to fluctuate, it remains to be seen whether this whale’s significant purchase will lead to sustained growth or if the surge is just a temporary spike in a highly volatile market.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.