Neiro Ethereum

Date: Tue, Oct 22, 2024, 05:09 AM GMTIn the cryptocurrency market, <a href="https://coinsprobe.com/trending-memecoins-spx-giga-and-apu-on-a-bullish-rally-whats-fueling-the-surge/" rel="noopener noreferrer nofollow">memecoins </a>are catching investor attention with rapid price swings. One such memecoin, Neiro Ethereum (NEIRO), saw an impressive rally of nearly 150% from October 10 to 14. However, as with many volatile assets, profit-taking has kicked in, and the price has cooled off. Over the past week, NEIRO&#39;s price has dropped 23%, currently trading at $0.08643, as liquidity flows into other emerging memecoins.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7fa06a61548446fb8b2b2c1f8344e782.png" />Source: Coinmarketcap<h3 id="gsr-markets-steps-in">GSR Markets Steps In</h3>Despite the price dip, market maker GSR Markets is taking advantage of this buying opportunity. According to data from <a href="https://x.com/spotonchain/status/1848542458784977359" rel="noopener noreferrer nofollow">Spotonchain</a>, GSR Markets withdrew 33.73 million NEIRO tokens (worth $2.85 million) from Bybit just 15 hours ago. This withdrawal signals a significant move by GSR as the price of NEIRO retraces.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7330d9bea36e4dd2871a50a512919ecf.jpeg" />Over the past 14 days, GSR has pulled a total of 74.13 million NEIRO, which accounts for 7.41% of the total supply, from Bybit. This shows a continued interest in NEIRO even as the price pulls back.<h3 id="what-s-next">What’s Next?</h3>The large withdrawals by GSR Markets could indicate that big players see potential in Neiro Ethereum (NEIRO). Many in the crypto space are watching Bitcoin closely, as a breakout above $70,000 could spark a rally in memecoins including NEIRO. If Bitcoin surges, it might lead to renewed interest and buying pressure for NEIRO, possibly pushing its price higher once again.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/is-first-neiro-on-ethereum-neiro-repeating-the-pattern-that-triggered-a-150-surge-last-time/" rel="noopener noreferrer nofollow">Is First Neiro on Ethereum (NEIRO) Repeating the Pattern That Triggered a 150% Surge Last Time?</a>

GSR Markets Pulls 33.73M Neiro Ethereum (NEIRO) from Bybit Amidst Price Cooldown

Table of Contents

CoinsProbe

Other articles published on Oct 22, 2024

Uniswap Awards $850K Grant to OpenZeppelin for v4 Hooks Library Development

International agencies report on tokenization to G20 officials

Analysts Predict Price Movements for Chainlink, APE Coin, and Dogecoin

Simon’s Cat Price Prediction: CAT Skyrockets 50% After Binance Futures Listing As This PEPE Upgra...

Canary Capital Submits Landmark S-1 Filing for Litecoin ETF with SEC

After the Launch of Apechain, Has Apecoin Bull Run Settled or is it Preparing for the Next Massiv...

Join our free newsletter for daily crypto updates!