$NEIRO Soars As Market Makers And Whales Pile In: 38% Surge Followed By Continued Gains

The price of $NEIRO, the native token of the Neiro project on Ethereum, has been on a tear, soaring by over 38% yesterday and continuing its climb with an additional 20% gain today.

In the days leading up to this price spike, several notable players entered the $NEIRO game, accumulating substantial amounts of the token.

First, #GSRMarkets made a significant move three days ago, purchasing 15 million $NEIRO, valued at $939,000 at the time of acquisition. This holding has since increased in value to $1.17 million, reflecting the token’s recent surge.

GSR Markets further reinforced its position by withdrawing an additional 25.4 million $NEIRO (worth $2.41 million) from Bybit just eight hours ago, bringing its total holdings to 40.4 million tokens—roughly 4.04% of $NEIRO’s circulating supply.

This acquisition now exceeds Wintermute’s position of 27.63 million $NEIRO, currently valued at $2.82 million.

GSR Markets withdrew another 25.4M $NEIRO "@NeiroOnEthereum" ($2.41M) from #Bybit 8 hours ago!

Over the last 3 days, the market maker has withdrawn 40.4M $NEIRO, or 4.04% of the total supply, from Bybit. This holding now surpasses #Wintermute's 27.63M $NEIRO ($2.82M).

Follow… https://t.co/jrrX3fRMHa pic.twitter.com/BHLUnZF9LO

— Spot On Chain (@spotonchain) October 12, 2024

Another major player, bwecapital.eth, controlled by Vida (@Vida_BWE), has been actively accumulating $NEIRO. Vida withdrew 4.065 million $NEIRO ($298,000) from Bybit just nine hours ago and tweeted about holding 0.4% of the circulating supply.

He believes $NEIRO has the potential to become the next $PEPE, a memecoin that saw explosive growth earlier this year.

Vida(@Vida_BWE) tweeted that he accumulated a spot bag of 0.4% circulating supply of $NEIRO(@NeiroOnEthereum).

He believes $NEIRO will be the next $PEPE.

One of his wallets "bwecapital.eth" withdrew 4.06M $NEIRO($314K) from #Bybit 13 hours ago.https://t.co/1P4PyUQmGH pic.twitter.com/sW83lwfXkt

— Lookonchain (@lookonchain) October 11, 2024

Additionally, two new whales have made substantial investments in $NEIRO. One, identified by wallet address 0xa1d, exchanged 158.44 $ETH ($375,000) for 5.15 million $NEIRO ten hours ago. Another whale, 0x00d, swapped $309,000 worth of $ETH for 5.114 million $NEIRO just 20 hours ago.

The price of $NEIRO (@NeiroOnEthereum) soared over 38% today!