Neiro ($NEIRO), a memecoin that has self-proclaimed itself to be the “sister of Doge,” has been gaining significant momentum and popularity in the crypto world. The soaring popularity is due to the strong community that has been supporting the memecoin which is based on the Ethereum blockchain, and according to the official website, it is here to overwhelm crypto with a strong community spirit.
Its popularity can be measured by the increase in its social media presence, the rise in trading volume, which has increased by 500% in the past month, and expanding ecosystems with new partnerships and collaborations announced regularly.
The memecoin is currently trading at $0.07642, as it surged 41.73% in the last 24 hours. The impressive uptick can be attributed to various factors, but let’s look at the one that stands out the most.
Whale Makes Massive $NEIRO Purchase
In an interesting turn of events, today, a whale investor bought 3.9 million $NEIRO tokens worth $276,000 in exchange for various cryptocurrencies. This investment indicates the community’s confidence in the memecoin’s future.
A whale with $2M assets bought 3.9M $NEIRO($276K) in the past 2 days!
He exchanged 19.7 $ETH($48.3K), 695 $BANANA($25.5K), 180M $FLOKI($21.6K), 4,600 $RNDR($21.5K), 12,000 $FET($13.4K) and 700M $PEPE($5K) for 3.9M $NEIRO!https://t.co/peemrVXNgC pic.twitter.com/YRckJA6ubK
— Lookonchain (@lookonchain) September 5, 2024
The investor bought the dip as the coin was trading at an impressive $0.9015 at the beginning of the week. On September 2nd, the memecoin surged 83% despite the crypto market slump making its mark known to the community.
After the investment, there has been a substantial increase in the price. The current price of the memecoin at press time is $0.07642, and the surge was about 41.73% in the last 24 hours with a market cap of $76,421,176. The trading volume was $ 55,626,515 in the last 24 hours.
This whale investment has opened the door to a possible price surge, making $NEIRO an attractive option for other investors.
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