NEIRO Token Enters the Top 100 Cryptos as Whales Accumulate 29 Million Tokens, Poising the Token for a 50% Surge

NEIRO has been a performer this past week despite broader market uncertainty. The token has risen 65.86% over the past week, with an impressive 24-hour trading volume of $605 million

NEIRO’s (NEO/USDT) entry into the top 100 cryptos has been accompanied by significant buying from large entities, commonly known as "whales." According to data from a crypto鲸观察员, over 29.1 million NEIRO tokens have been accumulated by whales in the last 3 days alone.

For context, the total market cap of all cryptocurrencies on Friday morning stood at $963 billion, up 1.2% over the past 24 hours. Meanwhile, bitcoin trades above $20,000 for a second day, and ether is up 6%.

This buying spree has been a major driving force behind the recent price gains for NEIRO, which have seen the token soar by 65.86% over the past week. At the time of writing, NEIRO is trading at $0.00176148, with a 24-hour trading volume of $605 million and a market cap of $743 million.

Some of the largest accumulations of NEIRO tokens were made by GSRMarkets, which bought 15 million tokens on Thursday morning. Their holdings increased from $939,000 to $1.17 million. However, over the past nine hours, bwecapital.eth withdrew 4.065 million NEIRO, roughly $298,000, from the Bybit exchange.

Furthermore, two new whales — address 0xa1d and 0x00d — both netted over 10 million NEIRO in separate Ethereum transactions And these aren’t just purchasing a token we don’t fully understand yet, these are huge purchases that clearly demonstrate people’s strong interest in the token itself.

As you can see from the above, two new whales — address 0xa1d and 0x00d — both netted over 10 million NEIRO in separate Ethereum transactions. One transaction was for 10.79 million NEIRO, valued at about $198,000 at the time of the transfer, while the other was for 14.06 million NEIRO, valued at about $258,000.

The recent price action for NEIRO has been largely technical, with the token breaking above a descending trendline on the NEO/USDT Chart on a 1 hour timeframe. This breakout has shifted momentum upward again, and a key area to watch will be the retest to the immediate support level at $0.00166450.

If the retest is successful, it could offer an opportunity to buy and reinforce the breakout moving above the current price of $0.00176148, which should continue to support the bull trend.

The next key resistance level to watch is at $0.00250000, which would represent a surge of approximately 50.42% toward this target if the bullish momentum continues. Failure to hold above the $0.00166450 support could indicate a need for more consolidation before another upward attempt.

The above is the detailed content of NEIRO Token Enters the Top 100 Cryptos as Whales Accumulate 29 Million Tokens, Poising the Token for a 50% Surge. For more information, please follow other related articles on the PHP Chinese website!