According to blockchain analysis platform EmberCN, Trend Research holds significant crypto assets, including substantial amounts of the NEIRO memecoin.
Trend Research Asset Volume
Trend Research controls 173,000 Ethereum (ETH) and 64.25% of the total NEIRO supply, amounting to $55.69 million. The analysis showed that the company has 13 different wallet addresses linked to NEIRO.
Impact on NEIRO Price
Between March 24 and May 30, 2023, Trend Research's addresses made large withdrawals of NEIRO from Bybit and Gate exchanges. During this period, NEIRO's price increased approximately sixfold, from $0.0165 to $0.1155. EmberCN suggests this rise is linked to purchasing activity from these addresses.
Statements by LD Capital Founder
LD Capital founder JackYi commented on the situation:
> “I bought with real money on the secondary market, I didn’t sell. At that time, memecoins were popular; I wanted to buy when the market value was low. I patiently hope to become one of the leaders of the ETH ecosystem. I bought more and naturally became one of the main owners. In my opinion, buying with real money on the secondary market is not unethical behavior. This project has been around for a long time.”
The analysis indicates that Trend Research significantly influences the NEIRO market through its active buying strategy and control over a large portion of the token supply.
