- Neiro CTO grasps a new all-time high after a 16,000% growth in two months.
- Seasoned Shiba crypto whale swaps tumbling Neiro On ETH for Neiro CTO.
- Renewed speculative interest pushes Neiro CTO to unprecedented heights.
An early investor who made $145 million on SHIB in 2021-2022 is now entangled in a new meme upheaval.
Neiro Crypto Confusion Takes Toll on OG Trader
After last weekend’s meme rally, several dog-themed coins scored all-time peaks, including First Neiro On Ethereum (NEIRO). However, an unfortunate investor previously bought Neiro On Ethereum (NEIRO), another dog-themed crypto with an identical ticker. This NEIRO declined by 35% over the past two weeks, missing out on the bonanza.
The investor took a heavy loss when they decided to sell their Neiro On Ethereum stash for $1.22 million on October 8, 2024. Incurring a 55% loss of $1.5 million, the whale held the less successful Neiro for a month, succumbing to a 58% monthly deficit.
Here’s Where the Other NEIRO Comes into Play
After selling the token, the investor aped into the rising Neiro CTO, adding 841.6M tokens to their stash. They now hold a total of 3.845 billion Neiro CTO tokens, worth $6.61 million. If the holder decides to sell now, they’d realize a $2.69 million profit from this trade.
First Neiro on Ethereum reached a new all-time price peak on October 7, 2024. Also known as Neiro CTO, it reached $0.001859, retracing 6.9% from the milestone since. It’s also worth noting that Neiro CTO has an identical total supply PEPE, at 420.69T tokens.
Since getting listed by Binance, the winning Neiro token has been a bargain for its early investors. A $1 million investment prior to Binance’s surprise listing would have returned a juicy $4.3 million so far, estimates seasoned crypto analyst Mac.
In contrast, Neiro On ETH has just 1 billion coins minted, making this version of NEIRO much more scarce despite the hefty price plunge. Currently priced at $0.62, Neiro On ETH garners a far slimmer trading volume than the other Neiro. While Neiro On ETH keeps trading below $30 million, Neiro CTO encompasses over $1 billion in daily trading volume, according to the latest CoinGecko data.
On the Flipside
- NEIRO, known as Neiro CTO crypto, is currently the indisputably most demanded meme coin on Derivatives.
- Approaching $4 billion in trading volume in the latest 24-hour period, Neiro’s Open Interest, or unsettled leveraged plays, also soared by 25%.
Why This Matters
The quickly shifting market dynamics require good timing to make profitable investment decisions. While meme coins offer juicier returns, the sharp price fluctuations make the asset class a higher-risk investment than traditional large-cap altcoins.
Delve into DailyCoin’s popular crypto stories:
Is Ansem Running ‘Pump and Dumps’? Crypto Influencer Under Fire
SHIB Lead Dev Declares UAE the ‘Crypto Capital’ – Here’s Why
