Release: 2024/10/07 15:44 Reading: 893
NEIRO Coin Surges by 50% as Whale Activity Props Up Memecoin Market
Surge in Value
The memecoin NEIRO has witnessed a substantial increase of 50% over the past 24 hours, reaching a new record price. Currently valued at approximately $0.001446, this surge has sparked renewed enthusiasm in the meme market.
Whale Activity Drives Price Hike
The recent price surge is largely attributed to significant whale activity, particularly large purchases from the wallet rektdolphin.eth. This whale bought 1.466 billion NEIRO coins by exchanging 190.5 billion PEPE coins and 6 ETH. According to data from SpotonChain, this investment represents around $1.8 million in NEIRO coins.
Memecoin Market Revival
The increase in whale activity since mid-September has boosted NEIRO's price by an impressive 3,000% on monthly charts. Daily trading volume has also spiked by 287%, reaching $4.70 million. This has triggered a rally in the wider memecoin market, with Dogecoin and Shiba Inu rising by 5% and 7%, respectively. Other memecoins have also seen gains ranging from 12% to 20%.
NEIRO's Potential and Goals
NEIRO was conceived as a successor to Dogecoin and is built on the Ethereum blockchain. It aims to create a fun and engaging ecosystem for users and supports charitable endeavors related to animal welfare. The project has garnered significant community interest and is gaining momentum in the crypto sphere.
Strong Technical Indicators
Whale activity and growing demand indicate NEIRO's potential as a major player in the memecoin market. The project's sustainability and community support will be pivotal for its future performance. Market activity and technical indicators suggest that NEIRO and other memecoins could experience significant value gains in the near term.
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