Recent developments surrounding $NEIRO (@NeiroOnEthereum) indicate a significant shift out of the accumulation phase, marked by heightened activity among whales and smart traders.
On the buying side, #GSRMarkets has bolstered its $NEIRO holdings to 40.4 million tokens, now constituting 4.04% of the total supply. This accumulation trend, last observed just two days ago, underscores institutional interest in the token’s potential.
Smart trader 0xe9f made a notable move by selling $1 million worth of $OM and $ATH to acquire 8.45 million $NEIRO three hours ago, signaling confidence in $NEIRO’s future trajectory. Similarly, bwecapital.eth (@Vida_BWE) secured 4.065 million $NEIRO, equivalent to 0.4% of the circulating supply, also within the past two days.
Whale Liquidated $NEIRO Holdings With Over 50% Loss
Conversely, on the sell side, a significant player who previously profited $145 million from $SHIB liquidated their entire 17.5 million $NEIRO holdings, incurring a substantial $1.49 million loss (-55%) just five days ago, strategically timed before a notable price increase.
$NEIRO (@NeiroOnEthereum) appears to have broken out of the accumulation phase, with whales becoming noticeably more active!
Here’s a snapshot of the recent attention-worthy activities:
On the buy side:
1/ #GSRMarkets now holds 40.4M $NEIRO, or 4.04% of the total supply. The… https://t.co/ibkritf3dR pic.twitter.com/U1pm1bftT7
— Spot On Chain (@spotonchain) October 13, 2024
Meanwhile, whale 0x00d deposited 4.7 million $NEIRO ($531,000) onto Bybit over the last 17 hours, realizing a $247,000 profit (+87%). These transactions highlight the dynamic nature of $NEIRO trading, with whales maneuvering to capitalize on market fluctuations.
Overall, $NEIRO’s recent activity points to a bullish sentiment among larger investors, reflected in increased accumulation and strategic profit-taking. As the token emerges from its accumulation phase, market participants are closely monitoring these movements for potential indicators of future price movements and market sentiment.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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