According to blockchain analytics platform Spot On Chain, whales are heavily accumulating NEIRO.
Data shared via X (formerly Twitter) shows that Neiro Ethereum (NEIRO) is currently in an accumulation phase. One whale, identified as 0x6ab, has accumulated 17.7 million NEIRO at an average price of $0.086 over the past week.
$NEIRO (Neiro Ethereum) seems to be in an accumulation phase according to our latest on-chain data:
1/ Whale 0x6ab accumulated 17.7M $NEIRO in the last 7 days at an average price of $0.086.
2/ Whale 0x9Ba bought 17.5M $NEIRO on Sept 6 at $0.154. While profitable with $FET, this… pic.twitter.com/z1b5pM6NSo
— Spot On Chain (@spotonchain) September 27, 2024
Another whale, 0x9Ba, made a significant purchase of 17.5 million NEIRO at $0.154 on September 6. While this whale has seen success with FET investments, their meme coin ventures have not been as profitable.
Whale 0xAB5 also bought 6 million NEIRO, and whale 0x1ED acquired 8.6 million NEIRO at $0.116, although they later sold part of their holdings without profit. They still hold 5.6 million NEIRO, and have previously made substantial profits from ETHFI, SYN, and PENDLE.
Lastly, market maker Wintermute has also accumulated a significant amount of NEIRO, now holding 52.97 million NEIRO—representing approximately 5.3% of the total supply—valued at $4.97 million.
Spot On Chain also pointed out that NEIRO’s market capitalization remains below $100 million, and there are signs of increasing decentralization. The platform questioned whether Binance might consider listing NEIRO for spot trading.
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