The meme coin “First Neiro On Ethereum” (NEIRO) has shown extreme price swings since its recent Binance listing, creating both gains and losses for investors.
NEIRO Trading Activity: Wins and Losses
NEIRO has seen significant volatility, impacting trading results for investors. One notable case is a trader known as “rektdolphin.eth” who tried to recover earlier losses. This wallet initially swapped 12 billion PEPE for 2.22 billion NEIRO, a trade worth $94,900. Unfortunately, they later sold their NEIRO holdings at a loss, receiving 22 ETH, or roughly $59,500.
Strategic Trading Pays Off for Some
Not all traders faced losses. Wallet-1 used a successful strategy to capitalize on NEIRO. Two months ago, this trader accumulated 5.63 billion NEIRO for 9.5 ETH, valued at $31,211. After redistributing part of these holdings to two other wallets, they remained actively trading NEIRO.
In the past month, Wallet-1 bought 2.07 billion NEIRO for 14 ETH, worth $37,157. They later sold 3.58 billion NEIRO for 35 ETH, or $83,439. Most notably, Wallet-1 made a major sale of 2.88 billion NEIRO, earning 468 ETH, roughly $1.079 million. This trader’s total profit exceeded $1 million.
NEIRO’s Price Momentum Continues
Despite the varied trading outcomes, NEIRO has shown strong upward momentum. According to CoinMarketCap, the token formed a bullish “triple white soldier” pattern, leading to an 808% price surge on September 16, followed by a 91% rise the next day.
As of now, NEIRO trades at $0.0008626 with a 24-hour trading volume of $652.8 million. The token has seen a 2.58% price increase in the past 24 hours and an incredible 1,971.67% jump over the last week.
