A study conducted by Nansen revealed that 90% of the $NEIRO token supply was allocated to key opinion leaders (KOLs), which likely fueled the price surge.
Data Revelation
Token Unlocks, a website dedicated to tracking token distribution, highlighted this finding, emphasizing how token distribution can cause market changes. This allocation strategy was especially important in driving $NEIRO’s market capitalization to $300 million.
Role of Opinion Leaders
This emphasis on token allocations to KOLs suggests that they are becoming increasingly important in the crypto world. They can definitely sway market sentiment, especially when a large token holder decides to sell, potentially causing a sudden price drop. In the case of $NEIRO, this effect was clear, as the price increased rapidly after the allocation to these prominent figures.
Market Impact
Nansen's data revealed that CEX-linked addresses made key purchases during $NEIRO’s price lows, further underscoring the importance of token distribution.
The study shows that token distribution strategies can significantly impact market movements, with KOLs playing a crucial role, leading to a substantial rise in $NEIRO’s market capitalization.
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