Date: Tue, Sept 10, 2024, 05:47 PM GMT
The cryptocurrency market has begun to show bullish momentum, and one of the standout performers is the trending memecoin Neiro ETH (NEIRO). Over the past 24 hours, NEIRO has surged by over 15%, currently trading at $0.1908, with a market capitalization of $190 million.
This recent spike in price appears to be linked to significant accumulation by Wintermute, a leading algorithmic trading firm known for building liquid and efficient markets in digital assets. According to a report by Lookonchain, Wintermute has been steadily acquiring NEIRO since Binance announced the launch of $NEIRO perpetual contracts. To date, Wintermute has accumulated a total of 12.16 million NEIRO, valued at approximately $2.37 million.
Wintermute is accumulating $NEIRO!
— Lookonchain (@lookonchain) September 10, 2024
Since #Binance announced the launch of $NEIRO perpetual contracts, #Wintermute has accumulated a total of 12.16M $NEIRO($2.37M)!https://t.co/5Bd0TWJBMF pic.twitter.com/hLTd8hkGgR
The accumulation by such a prominent trading firm has undoubtedly contributed to the growing interest in NEIRO, boosting its price and market position. As the memecoin continues to gain traction, investors are keeping a close eye on its performance, speculating on potential future gains.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice.