NEIRO memecoin price soars 50% in 24 hours
The memecoin NEIRO, billed as “successor to Dogecoin (DOGE)”, has recorded a massive 50% gain in the last 24 hours. This strong rise started a phenomenon called “Memecoin Festival” (memecoin festival), which marks a new high in this segment.
According to CoinGecko, NEIRO price is currently trading at its new all-time high, currently around $0.001446. Such appreciation occurred after memecoin saw a large flow of investors who purchased more units.
Whales drive NEIRO bullish activity
The recent rise in NEIRO price comes after strong whale activity. According to Lookonchain, one of the whales was the wallet known as “rektdolphin.eth”, which exchanged a total of 190.5 billion PEPE for NEIRO.
Additionally, the whale exchanged another 6 Ethereum (ETH) in the operation. With the money resulting from the two sales, the investor obtained a total of NEIRO 1.466 billion. In total, the whale purchased a total of $1.8 million worth of NEIRO.
According to data from Spot on Chain, NEIRO's 50% increase made the investor obtain around 20% profit, totaling US$334 thousand. However, he has not yet realized any profits.
Between August 15th and September 26th, this same whale executed three trades on NEIRO, generating a net profit of US$824 thousand with a win rate of 66.7%.
NEIRO was created on Ethereum, but another version of the memecoin on the network has also seen a 12% increase in the last 24 hours. This new version has around 10% of the market value of the original memecoin.
Last week, Vitalik Buterin, co-founder of Ethereum, exchanged a total of 70.72 million NEIRO for ETH. After the trade, Buterin donated the profits to the developers of Tornado Cash.
“Meme Coin Fest” has begun
Investor activity in buying NEIRO has increased since mid-September, while memecoin has risen sharply by 3,000% in the last 30 days. NEIRO's daily trading volume increased by 287% to 4,700 million.
This appreciation triggered a huge rise in the memecoins sector this Monday (07). Top players like Dogecoin (DOGE) and Shiba Inu (SHBI) rose 5% and 7% respectively, while other players like Dogwifhat (WIF), Pepe Coin (PEPE) and BONK rose 12-20% each.
Created a few months ago, NEIRO positions itself as the successor to DOGE and quickly rose in value. Today, memecoin is the 10th largest in the segment in terms of market value.
Built on the Ethereum blockchain, Neiro aims to foster a fun and interactive ecosystem for users while remaining dedicated to charitable efforts, particularly in support of animal welfare.