The post Whale Trades Propel NEIRO Coin’s Value Up appeared on BitcoinEthereumNews.com.

The NEIRO memecoin has made headlines by surging 50% in just 24 hours, reaching a new price point of around $0.001446. This remarkable increase has sparked enthusiasm in the meme coin sector, indicating a lively trading environment. What Drives NEIRO’s Price Surge? This impressive rise in NEIRO’s price is primarily driven by notable whale activities, particularly from a wallet identified as rektdolphin.eth. This particular trader executed a significant swap of 190.5 billion PEPE coins and 6 ETH, acquiring 1.466 billion NEIRO coins. This strategic move represents an investment of approximately $1.8 million, resulting in a profit of $334,000 due to the coin’s recent surge. Can the Memecoin Market Sustain This Momentum? Since mid-September, the surge in whale trading has propelled NEIRO’s monthly price increase to an extraordinary 3,000%. Furthermore, daily trading volumes have skyrocketed by 287%, reaching about $4.70 million. This revitalization has sparked a surge in interest across the memecoin market, with established players like Dogecoin and Shiba Inu also witnessing gains of 5% and 7%, respectively. Key points to note include: Whale activity significantly influences NEIRO’s price dynamics. NEIRO is positioned as a successor to Dogecoin with a unique focus on charitable initiatives. The memecoin’s recent success has reinvigorated interest in the sector, highlighting investment opportunities. The momentum NEIRO has achieved is indicative of an active and supportive community, which plays a vital role in its ongoing success. As this memecoin continues to garner attention, it could pave the way for substantial growth across the memecoin landscape. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/whale-trades-propel-neiro-coins-value-up

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Filed under: News - @ October 7, 2024 8:27 am