NEIRO is quickly emerging as the most compelling memecoin narrative of this cycle, and it’s gaining serious traction in the market.
Leading market maker Wintermute has even become the top holder of Ethereum-based memecoin $NEIRO, further validating its growing influence.
JUST IN: Leading market maker, Wintermute, is now the top holder of Ethereum memecoin $NEIRO (@neiro_ethereum). pic.twitter.com/JNJ33kIAgC
— Whale Insider (@WhaleInsider) August 7, 2024
One trader, in particular, has managed to turn a modest $30 investment into a staggering $1.3 million in just under a month, showcasing the immense potential of $NEIRO.
On July 28th, this savvy trader spent $30.36 to purchase 9.98 million $NEIRO at a price of $0.00003043. Just two days later, as the price of $NEIRO skyrocketed by over 1,600%, he transferred his holdings into two sub-wallets for safekeeping.
From $30 up to $1.3M with just $NEIRO in less than a month!!! 😍
What should we call him? Insider or Alpha Hunter?👇
Let's discover his trading strategy for $NEIRO 🧵with https://t.co/kFF8LDumzs pic.twitter.com/FfUSfbwIMP
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 8, 2024
Let’s break down the behavior of these two sub-wallets:
0xe0fb Wallet:
– The first wallet received 5 million $NEIRO at a price of $0.00025375.
– On July 31st, 2024, this wallet sent 1.23 million $NEIRO to three different wallets, totaling 3.69 million $NEIRO.
– A small portion of $NEIRO was sold off, leaving 1.22 million $NEIRO in the wallet.
– On August 4th, the wallet transferred 2.5 million $NEIRO to another wallet, 0x5ea2.
0x5ea2 Wallet:
– On August 5th, this wallet moved all of its $NEIRO holdings to the 0xcd2a wallet.
– Between August 5-6, 2024, the 0xcd2a wallet deposited 1.5 million $NEIRO onto Bitget, while still retaining 1 million $NEIRO worth $273K.
– If fully sold at the peak, the estimated profit from this move would be $130K.
0x4801 Wallet:
– The second sub-wallet, 0x4801, received 4.98 million $NEIRO at a price of $0.05785 on July 30th, 2024.
– On August 1st, this wallet deposited 1 million $NEIRO onto Bitget.
– Over the past six hours, this wallet continued to deposit 3 million $NEIRO onto MEXC and Gate.io.
– If fully liquidated, this wallet’s estimated profit would be around $1.15 million.
In total, this trader recorded a jaw-dropping profit of $1.3 million, a return of over 4.28 million percent. Remarkably, the trader is still holding approximately 2.1 million $NEIRO, valued at $568.42K, highlighting the enduring strength of this memecoin.
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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Image Source: tinofotografie/123RF // Image Effects by Colorcinch
