Token

Mode

<ul>
 <li>About 78% of $NEIRO tokens were distributed to insiders before its launch, with $9 million sold as of August 28, raising concerns about market manipulation.</li>  
 <li>Binance Futures launched a USD-margined NEIROETH perpetual contract offering up to 75x leverage and 4-hourly funding settlements.</li>  
 <li>NEIROETH contract allows for high-leverage trading, but insider trading concerns surrounding NEIRO tokens may affect its price stability.</li> 
</ul>  
<p>Recent insider trading allegations have put the NEIRO token under scrutiny. According to <a href="https://x.com/bubblemaps/status/1828499100893065279" target="_blank" rel="noopener noreferrer nofollow">Bubblemaps</a>, approximately 78% of NEIRO tokens were distributed to insiders before its public release.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/WuBlockchain/status/1832057433256321200
 </div>
</figure>  
<p>These tokens were spread across over 400 wallet addresses, and as of August 28, insiders had reportedly sold about $9 million worth of NEIRO. This has raised concerns about market manipulation and the token’s future stability.</p>  
<h2 class="wp-block-heading" id="h-binance-futures-launches-neiroeth-perpetual-contract"><strong>Binance Futures Launches NEIROETH Perpetual Contract</strong></h2>  
<p>Despite the ongoing controversy, Binance Futures <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-neiroeth-perpetual-contract-with-up-to-75x-leverage-30544d1d081a440eb05b576f4c80158c?hl=en" target="_blank" rel="noopener noreferrer nofollow">introduced</a> its USD-margined NEIROETH perpetual contract on September 6, 2024. The contract allows traders to leverage up to 75x on NEIRO’s price movements, offering a highly volatile and potentially profitable trading experience. <a href="https://www.binance.com/en" target="_blank" rel="noopener noreferrer nofollow">Binance’</a>s Multi-Assets Mode supports the contract, enabling users to trade with various margin assets, including Bitcoin.</p>  
<p>Funding fees for the contract are settled every four hours, and the maximum funding rate is capped at ±2%. This contract is designed for experienced traders who can navigate the market’s volatility, particularly in light of the insider trading issues surrounding NEIRO.</p>  
<h2 class="wp-block-heading" id="h-market-reaction-and-outlook"><strong>Market Reaction and Outlook</strong></h2>  
<p>Traders have <a href="https://x.com/FiatBurnerr/status/1832054356583039472" target="_blank" rel="noopener noreferrer nofollow">expressed caution</a> given the recent insider trading reports. With a large portion of the token’s supply concentrated in the hands of a few, NEIRO’s price stability is under question. However, the launch of the NEIROETH contract still presents opportunities for high-risk, high-reward trades.</p>  
<p>While the Binance Futures NEIROETH contract offers new trading opportunities, the insider trading allegations around NEIRO raise concerns. Traders should take caution and carefully consider the potential risks associated with the token’s future performance.</p> 
<p>The post <a href="https://cryptonewsland.com/insider-trading-allegations-surround-neiro-token/" rel="noopener noreferrer nofollow">Insider Trading Allegations Surround NEIRO Token Amid Binance Futures Launch</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Insider Trading Allegations Surround NEIRO Token Amid Binance Futures Launch

Table of Contents

Crypto News Land

Other articles published on Sep 7, 2024

New Solana Memecoin Saviour Musk (MUSKSAV) Will Explode 19,000% Ahead of Exchange Listing, As SHI...

Ripple Adds Ethereum-Compatible Smart Contracts to Expand XRP Ledger

Donald Trump Launches Fourth NFT Collection with Exclusive Physical Rewards

New Solana Memecoin Saviour Musk Will Rally 19,000% Ahead of Exchange Listing, As SHIB and DOGE U...

Shiba Inu Exec Slams DOGE, PEPE, WIF and SHIB Comparison Trend

Elite Crypto Trader Predicts Bitcoin Crash ‘Is Not Over’ – Is $45K Next?

Join our free newsletter for daily crypto updates!