The price of meme coin NEIRO skyrocketed by 50% in just 24 hours, driven by significant whale activity. This surge has triggered renewed excitement across the meme coin sector.
NEIRO Price Hits All-Time High
NEIRO, touted as the successor to Dogecoin, has seen a massive 50% gain within a day, setting a new all-time high of $0.001446. The rally was largely fueled by bullish whale activity, signaling strong market interest in the token.
Whale Activity Boosts NEIRO Price
The sudden price increase came after major whale activity, specifically from a trader associated with the wallet rektdolphin.eth. This whale exchanged 190.5 billion PEPE coins and 6 ETH for a total of 1.466 billion NEIRO tokens, amounting to $1.8 million. According to SpotonChain data, this trader has already made a 20% profit of $334,000 during this price spike.
Between August 15 and September 26, the same whale executed three profitable trades in NEIRO, with a net profit of $824,000 and a 66.7% success rate. Additionally, NEIRO’s Ethereum version has gained 12% in the last 24 hours, despite having a market cap just one-tenth of the larger token.
Meme Coin Sector Sees Renewed Momentum
NEIRO’s price surge has caused a ripple effect across the meme coin sector. Daily trading volume for NEIRO has shot up by 287%, reaching 4.7 billion. This spike has ignited rallies in other popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), with gains ranging from 5% to 20%.
After a slow third quarter, meme cryptocurrencies are back in demand, with strong technical indicators pointing to a potential 50% rally for PEPE this month.
NEIRO: A Rising Star in the Meme Coin Market?
Positioning itself as the next big player, NEIRO is built on the Ethereum blockchain and aims to create an engaging ecosystem while supporting animal welfare through charitable initiatives. Its recent price surge has drawn widespread attention, and the project continues to gain traction within the crypto community.