- Differences in NEIRO and NEIROETH Dynamics
- Major Profits from NEIRO
- Big Players' Reaction to NEIROETH Drop
SpotOnChain conducted on-chain data analysis to understand what exactly happened with NEIRO and NEIROETH tokens on Ethereum following their listing announcement on Binance. The article explores key differences in the tokens' performance, the profits made by several traders, and the reaction of major players to the NEIROETH price drop.
Differences in NEIRO and NEIROETH Dynamics
In a shocking turn of events, the crypto market witnessed a stark difference in the performance of two similarly named tokens. While #NEIROETH saw a sharp decline of 42%, $NEIRO experienced a monumental rise of approximately 1000% overnight.
Major Profits from NEIRO
Several wallets made significant profits from $NEIRO’s surge: * One early investor, identified by the address “0x6ac”, gained about $1.77 million, a 45x return on their initial investment. They currently hold 4.6 billion $NEIRO tokens, valued at around $1.75 million. * Another trader, “0xc05”, snagged a hefty profit of $619,000 in less than a day. They used a bot called #BananaGun to quickly purchase $NEIRO tokens worth 140 ETH right after Binance announced the listing. * A third trader, “0x090”, cashed out for a $302,000 profit (a 603% return) after holding for just four days. They sold 1.057 billion $NEIRO tokens for $352,000 following the price spike.
Big Players' Reaction to NEIROETH Drop
Interestingly, despite the significant drop in #NEIROETH’s price, some major players increased their holdings. Wintermute Trading, a well-known market maker in the crypto space, reportedly added 19.11 million NEIROETH tokens to their portfolio in the 24 hours following the price drop. This brings their total holdings to 55.36 million NEIROETH, valued at approximately $4.11 million.
The data suggests that despite the price drop in NEIROETH, some major players see potential in the token. This makes it an interesting option in the meme coin market.
Comments