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Price of NEIRO on Ethereum Rises 50%, with Three Market Makers Holding 60.23M Tokens In a notable development within the cryptocurrency market, the price of Neiro (NEIRO) on the Ethereum blockchain surged by approximately 50% on October 11, 2024, as reported by the on-chain data monitoring platform Lookonchain via X (formerly Twitter). This significant price increase has drawn attention to the role of major market makers who currently hold a substantial portion of NEIRO tokens, totaling 60.23 million. Overview of NEIRO Price Surge The dramatic 50% price surge of NEIRO on Ethereum marks a pivotal moment for the token and its community. Such a substantial increase in a short period highlights both the volatility and the potential for significant returns within the cryptocurrency market. Market participants are keenly observing the factors contributing to this rise, including trading volumes, market sentiment, and the strategic actions of key market makers. Key Market Makers Holding NEIRO The current NEIRO market is influenced heavily by three active market makers, whose holdings collectively amount to 60.23 million NEIRO. These market makers play a crucial role in maintaining liquidity, stabilizing prices, and facilitating large transactions within the NEIRO market. The breakdown of their holdings is as follows: Wintermute: Holding: 42.63 million NEIRO Value: Approximately $3.27 million Role: Wintermute is a prominent market maker known for providing liquidity across various cryptocurrency exchanges. Their substantial holding in NEIRO underscores their significant influence on the token’s price movements and market stability. GSR Markets: Holding: 15 million NEIRO Value: Approximately $1 million Recent Activity: GSR Markets withdrew 15 million NEIRO from Bybit three days prior to the price surge, indicating a strategic move that may have contributed to the increased demand and subsequent price rise. Auros Global: Holding: 2.6 million NEIRO Value: Approximately $200,000 Role: Auros Global, while holding a…

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Filed under: News - @ October 11, 2024 1:26 pm