Discover NEIRO: The New Meme Coin Making Waves 🚀
There’s a buzz in the crypto world surrounding NEIRO, the latest meme coin in the market. However, before jumping on the bandwagon, it’s essential to take a closer look at the dynamics and potential risks associated with this new digital asset.
Insider Trading Concerns with NEIRO on Ethereum 🕵️
NEIRO, the meme coin built on the Ethereum blockchain, has raised alarms due to significant insider trading activities. Here are some key observations:
– A select group of insiders control a substantial portion of NEIRO.
– At launch, 78% of the token supply was swiftly acquired by 80 addresses.
– Each address held around 1% of the total supply due to holding caps.
– Insiders distributed tokens across 400 wallets to avoid detection and minimize the impact of their sales.
– Sales rarely exceeded $3,000 worth of tokens at a time.
This strategic distribution has obscured the actual profits earned by insiders. Despite this, estimations suggest that insiders have sold approximately 11.7% of their holdings, raking in about $4.5 million while retaining control of 66% of the token supply.
NEIRO’s Genesis and Price Rally 📈
NEIRO traces its roots back to Kabosu, the original Dogecoin (DOGE) meme’s inspiration. The NEIRO website proudly proclaims it as “The sister of the OG DOGE, Kabosu, here to make history on the Ethereum chain!”
– Kabosu’s owner’s new Shiba Inu pet, “Neiro,” sparked the launch of various NEIRO tokens on Solana, aiming to replicate DOGE’s success.
– Despite distancing themselves from the meme coins, Neiro’s owner, known as “Kabosumama,” inadvertently ignited interest in NEIRO on Ethereum.
– Since its recent debut, NEIRO’s price on Ethereum skyrocketed to $0.20 before stabilizing at $0.16, securing a spot among the top 20 most valuable meme coins.
– Notably, NEIRO has garnered a substantial trading volume exceeding $35 million in the previous 24 hours.
Hot Take: Exercise Caution with NEIRO 🚨
As you navigate the ever-evolving crypto landscape, keep a watchful eye on NEIRO and its potential risks. Stay informed, conduct thorough research, and proceed with caution when considering investments in meme coins like NEIRO.
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