In the last 24 hours, NEIRO has surged by 50%, reigniting excitement in the crypto community. Touted as the successor to Dogecoin (DOGE), NEIRO is currently trading around $0.001446, marking a new all-time high. This rally is largely driven by activity from crypto whales, who have played a significant role in the recent price movements.
NEIRO’s Price Surge: Whales Are on the Move
NEIRO’s recent spike can be attributed to significant whale transactions and accumulation. One notable transaction came from the wallet “rektdolphin.eth,” which swapped 190.5 billion PEPE coins and 6 ETH for 1.466 billion NEIRO, valued at approximately $1.8 million. According to SpotonChain, this whale has already made a profit of $334,000 from the purchase. This isn’t the first time rektdolphin.eth has shown interest in NEIRO, with previous transactions between August 15 and September 26 yielding $824,000 in profit.
$NEIRO (@neiroethcto) rallied over 48% in the past 24 hours!
rektdolphin.eth is the top $NEIRO purchaser during this period, swapping a total of 190.5B $PEPE and 6 $ETH for 1.466B $NEIRO ($1.8M) around 4 hours ago, now making $334K (+19%).
Between Aug 15 and Sep 26, the whale… pic.twitter.com/iX1SM4EQsW
— Spot On Chain (@spotonchain) October 7, 2024
Additionally, another version of NEIRO on the Ethereum network has gained 12% in the past 24 hours. However, this version’s market cap is only one-tenth the size of the main NEIRO token. Ethereum’s founder, Vitalik Buterin, also traded 70.72 NEIRO coins for ETH last week, donating the proceeds to a campaign for the release of Tornado Cash developers.
Meme Coin Mania Resumes
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NEIRO’s rise began accelerating in mid-September, with its value increasing by 3000% on the monthly chart. Daily trading volume also skyrocketed by 287%, reaching $4.7 billion. This surge has triggered a broader meme coin rally. Leading meme coins like Dogecoin (DOGE) and Shiba Inu (SHBI) have gained 5% and 7%, respectively, while Dogwifhat (WIF), Pepe Coin (PEPE), and BONK have seen increases of 12% to 20%.
Is NEIRO’s Future Bright?
As the successor to Dogecoin, NEIRO continues to capture attention within the crypto space. Built on the Ethereum blockchain, this dog-themed meme coin aims to provide a fun, interactive ecosystem for its users. NEIRO also emphasizes social responsibility, contributing to animal welfare projects. Thanks to widespread interest from the crypto community, NEIRO has quickly gained popularity and appears poised to be the next major player in the meme coin arena. With increased whale activity, NEIRO could see even larger price gains in the future.
As reported by The Bit Journal, NEIRO’s strong community-driven approach and recent whale investments have the potential to drive the coin even higher, making it a meme coin to watch closely.
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