Neiro Ethereum

Date: Sat, Oct 12, 2024, 04:55 AM GMTNeiro Ethereum (NEIRO) is making waves in the cryptocurrency market with a major rally, surging nearly 50% in just the past 24 hours. Over the last week, NEIRO has gained an impressive 88%, grabbing the attention of traders and investors alike.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d43453b3105d421eb0484bbc7edd3f02.png" />Source: Coinmarketcap<h2 id="header-0">GSR Markets Leads the Charge with Major Purchase</h2>The driving force behind this surge is a significant purchase by major market maker GSR Markets. According to reports from <a href="https://x.com/spotonchain/status/1844911231049904346" rel="noopener noreferrer nofollow">Spotonchain</a>, GSR Markets recently withdrew 25.4 million NEIRO tokens (worth $2.41 million) from Bybit. This move follows a string of withdrawals by GSR over the last three days, totaling 40.4 million NEIRO—equivalent to 4.04% of the total token supply.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/04da782e37de4ba4b1ee8cfcdd0cc88f.jpeg" /><h2 id="header-1">Additional Whale Activity Boosts NEIRO Demand</h2>GSR&#39;s current holdings in NEIRO now outpace Wintermute&#39;s, which holds 27.63 million NEIRO, valued at $2.82 million. But GSR isn’t the only player fueling the rise of NEIRO. Over the <a href="https://coinsprobe.com/neiro-ethereum-neiro-surges-higher-following-major-buying-from-institutions-and-whales/" rel="noopener noreferrer nofollow">past four days</a>, bwecapital.eth, associated with &#64;Vida_BWE, withdrew 4.065 million NEIRO (around $298,000) from Bybit just hours ago.New whales have also entered the picture. One identified as 0xa1d exchanged 158.44 ETH, worth approximately $375,000, for 5.15 million NEIRO tokens. Another whale, 0x00d, swapped $309,000 worth of ETH and &#34;First Neiro on Ethereum&#34; for 5.114 million NEIRO just 20 hours ago.The growing interest from whales and large market makers like GSR Markets has fueled the bullish sentiment surrounding Neiro, signaling a craze for the memecoin. However, while NEIRO may offer strong gains, it’s important to remember that memecoins come with high risk and volatility.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/top-solana-based-memecoins-wif-popcat-and-bonk-on-the-rise-is-more-rally-ahead/" rel="noopener noreferrer nofollow">Top Solana-Based Memecoins WIF, POPCAT, and BONK On the Rise: Is More Rally Ahead?</a>

Neiro Ethereum (NEIRO) Gains Momentum After GSR Market Buys 4.04% of Total Supply

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