Date: Thu, Sept 05, 2024, 04:25 PM GMT
The memecoin Neiro Ethereum (NEIRO) has recently caught the attention of the crypto community with a significant surge in its price. Over the past 24 hours, NEIRO has jumped by an impressive 33.21%, now trading at $0.07529. This surge has pushed the coin’s market capitalization to around $75 million.
One of the driving forces behind this surge appears to be a massive purchase by a crypto whale. According to Lookonchain, a whale with assets worth $2 million bought 3.9 million NEIRO tokens, valued at approximately $276,000, within just two days.
A whale with $2M assets bought 3.9M $NEIRO($276K) in the past 2 days!
— Lookonchain (@lookonchain) September 5, 2024
He exchanged 19.7 $ETH($48.3K), 695 $BANANA($25.5K), 180M $FLOKI($21.6K), 4,600 $RNDR($21.5K), 12,000 $FET($13.4K) and 700M $PEPE($5K) for 3.9M $NEIRO!https://t.co/peemrVXNgC pic.twitter.com/YRckJA6ubK
The whale’s transaction was notable for its complexity, involving the exchange of various assets to acquire the NEIRO tokens. The whale traded 19.7 ETH ($48.3K), 695 BANANA ($25.5K), 180 million FLOKI ($21.6K), 4,600 RNDR ($21.5K), 12,000 FET ($13.4K), and 700 million PEPE ($5K) in exchange for the 3.9 million NEIRO tokens.
Despite this surge, it’s important to note that NEIRO remains a risky investment. The token is still down over 90% from its all-time high of $0.29, which it reached just a week ago on August 7th. Investors should be cautious, as the rapid price movements in the memecoin space can lead to significant volatility.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.