In recent weeks, the cryptocurrency Neiro Ethereum (NEIRO) has shown significant price fluctuations. The token's value surged by 150% from October 10 to 14, only to drop by 23% afterward.

Neiro Ethereum's Rally and Decline

Between October 10 and 14, the value of Neiro Ethereum rose by 150%, followed by a wave of profit-taking, leading to a 23% decrease over the past week. As of today, the token is trading at $0.08643 as investor liquidity flows into other emerging memecoins.

GSR Markets' Active Moves

Despite the price drop, GSR Markets has shown interest in Neiro Ethereum. According to Spotonchain data, just 15 hours ago, GSR Markets withdrew 33.73 million NEIRO (worth $2.85 million) from Bybit. Over the past 14 days, GSR has acquired 74.13 million NEIRO, representing 7.41% of the total supply, indicating continued interest in the token despite the price pullback.

Future Prospects

The large buy-ups by GSR Markets may signal potential interest from major players in Neiro Ethereum. The market is closely monitoring Bitcoin's movement, hoping that a rise above $70,000 could trigger renewed interest in memecoins, including NEIRO. If Bitcoin's price surges significantly, buying activity for Neiro Ethereum could increase as well.

Neiro Ethereum remains a focal point due to its volatile market behavior. Future price movements will depend on both the actions of major players and the shifts in major cryptocurrency valuations.