In an unprecedented development, a crypto whale caused a stir across the broader industry on Saturday, heavily accumulating Neiro Ethereum (NEIRO)
A crypto whale is making waves in the crypto industry on Saturday evening as they massively accumulate the Shiba Inu dog breed-themed meme token, Neiro Ethereum (NEIRO). On-chain statistics indicate that the whale freshly acquired nearly 8 million tokens, sparking market optimism over the coin’s price movements among market watchers.
NEIRO price is currently up 46% over the week, while the coin extended intraday gains to 23%, cementing investors’ optimism on its potential to offer gains ahead. Notably, the meme token began the week trading at $0.092, and with the recent price movements, the coin is now priced at $0.133, showcasing a significant rally.
Crypto Whale Bags 8M Neiro Ethereum Tokens Echoing Market Frenzy
According to Spotonchain on November 2, a crypto whale, being a smart meme trader, withdrew 8.02 million Neiro Ethereum coins, valued at $782.74K, from the crypto exchange Bitget. The whale address 0x944 is recorded to have made the transaction.
Moreover, the massive accumulation from the leading crypto exchange gained significant traction across the broader market, primarily due to the address’ previous trading strategies.
The crypto whale address 0x944 is known to have a penchant for meme coins, and their past trades often influenced the prices of the coins they trade in. Now, with the whale largely accumulating NEIRO tokens, market watchers are closely following the coin’s price movements.
As mentioned earlier, NEIRO price showcased a strong bullish momentum over the past week, surging nearly 46% in its value. The coin began trading at $0.092 at the start of the week and surged to $0.133 by Friday evening, showing a strong buying pressure among traders.
Furthermore, NEIRO price also displayed impressive intraday gains, surging nearly 23% over the past 24 hours from Thursday. The meme token rose from $0.119 on Thursday morning to $0.133 on Friday evening, showcasing a potential for further gains ahead.
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