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According to a post by blockchain analysis platform Spot On Chain, whales are accumulating NEIRO intensively.
According to X sharing, data shows that Neiro Ethereum (NEIRO) is currently in an accumulation phase.
Accordingly, a whale (0x6ab) accumulated 17.7M NEIRO in the last 7 days at an average price of $0.086.
Whale 0x9Ba bought 17.5M NEIRO at $0.154 on September 6. While this whale is profitable in $FET investments, he is not doing well in memecoin investments.
Whale 0xAB5 also bought 6M NEIRO, while whale 0x1ED bought 8.6M NEIRO at $0.116. He sold some of it without making a profit and still holds 5.6M. This whale has previously made significant profits from ETHFI, SYN, and PENDLE.
Finally, market maker Wintermute has also purchased a significant amount of NEIRO, holding a significant amount of 52.97 million NEIRO (worth $4.97 million), representing approximately 5.3% of the total supply.
Spot on Chain recently questioned whether Binance would consider listing NEIRO on spot trading, noting that NEIRO’s market cap is still below $100 million and that there have been signs of increasing decentralization in recent weeks.
$NEIRO (Neiro Ethereum) seems to be in an accumulation phase according to our latest on-chain data:
1/ Whale 0x6ab accumulated 17.7M $NEIRO in the last 7 days at an average price of $0.086.
2/ Whale 0x9Ba bought 17.5M $NEIRO on Sept 6 at $0.154. While profitable with $FET, this… pic.twitter.com/z1b5pM6NSo
— Spot On Chain (@spotonchain) September 27, 2024
*This is not investment advice.