Neiro Price Forecast: Whales Shift Focus After 40% Rally — Is NEIRO the New Meme Coin Favorite?
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
Over the past 24 hours, the NEIRO price has seen a continuation of its recent growth, climbing an impressive 14.11%.
Meanwhile, a notable whale seems to be ditching other coins in favor of NEIRO.
Today’s growth extends what has been a substantial rally. NEIRO is up 46.46% since last Tuesday, markedly outperforming other notable meme coins, which have seen average losses of 4.71%.
Indeed, NEIRO seems to be at the forefront of the meme coin market right now.
The meme coin’s trading volume has surged a steep 48.04% to $1.17 billion over the past 24 hours.
The most aggressive of these purchases came from a Neiro Ethereum whale, famous for profiting $145 million from investing in Shiba Inu (SHIB).
The whale swapped out a loss-making position in NEIROETH, selling 17.5 million tokens for $1.22 million.
By exiting, the whale incurred a substantial 55% loss, amounting to $1.49 million, after holding the meme coin for just one month.
In return, the whale doubled down on their investments in NEIRO, purchasing 841.6 million tokens for $1.45 million.
This adds to their total holding of 3.85 billion NEIRO, worth $6.51 million, resulting in a 67% unrealized profit of $2.67 million, according to SpotOnChain data.
This strategic move follows significant technical developments, as the NEIRO price approaches a breakout of the symmetrical triangle pattern that has formed over the past few hours.
This pattern indicates a period of consolidation as NEIRO seeks stability following a substantial rally. Although a breakout could occur in either direction, current
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