In the midst of uncertainty in the cryptocurrency market, it seems that crypto whales have identified the next potential Pepe (PEPE) in the form of Neiro Ethereum (NEIRO), with the potential to surge by 100% in the upcoming days. On October 11, 2024, Lookonchain, a blockchain-based transactions tracker, revealed that the founder of a trading firm has acquired a significant 0.4% of the circulating supply of NEIRO meme coin.
The founder of the trading firm made a notable withdrawal of 4.06 million NEIRO meme coins worth $314K from crypto exchanges Bybit just 13 hours ago. Following this acquisition, the founder confidently stated, “NEIRO will be the next PEPE.”
Additionally, other prominent crypto giants such as Wintermute, GSRMarkets, and AurosGlobal have also made substantial acquisitions of NEIRO meme coin. Wintermute holds 42.63 million NEIRO worth $3.27 million, GSRMarket holds 15 million NEIRO worth $1 million, and AurosGlobal holds 2.6 million NEIRO worth $200K.
The recent accumulation of NEIRO meme coin by crypto whales indicates a growing interest and potential in this newly launched cryptocurrency.
In terms of technical analysis, NEIRO is currently displaying a bullish trend and is approaching a crucial resistance level of $0.10. Despite multiple attempts to break this resistance in recent days, NEIRO has not succeeded. However, with the overall positive market sentiment, there is a strong possibility that NEIRO could overcome this obstacle.
If NEIRO manages to break and close a daily candle above the $0.106 level, experts believe that it could potentially surge by another 45% to reach the $0.15 level in the near future.
As of now, NEIRO is trading around the $0.090 level, experiencing a significant price increase of over 50% in the past 24 hours. The surge in trading volume by 340% during the same period indicates a heightened interest from traders and investors.
In conclusion, NEIRO has caught the attention of crypto whales and experts who believe that it has the potential to follow in the footsteps of Pepe. With a bullish technical outlook and increasing interest from key players in the cryptocurrency market, NEIRO could be poised for significant growth in the coming days.