Neiro （NEIRO） meme coin experienced a remarkable price increase despite Ethereum co-founder Vitalik Buterin selling his entire holding. This article delves into the events leading up to this surge and its implications.
Points
- Neiro’s price rose by 110% in 24 hours.
- Vitalik Buterin sold his entire 17.15 billion NEIRO holding.
- Neiro’s market capitalization is approximately $11 million.
- The meme coin community remains robust despite broader market declines.
- Neiro’s resilience contrasts with the performance of other meme coins.
The Neiro （NEIRO） meme coin saw a significant price surge of 110% in the past 24 hours, even after Ethereum co-founder Vitalik Buterin sold his entire holding of 17.15 billion NEIRO for approximately $119,000 or 44.42 Ethereum （ETHUSD）. This initial sale caused a 60% drop in Neiro’s price, but the coin quickly rebounded.
Neiro’s launch in July, which coincided with an emotional announcement from the owner of Kabosu—the Shiba Inu dog that inspired Dogecoin—sparked immense interest. This led to the creation of several meme coins named Neiro across various blockchains.
While the broader meme coin market has plummeted by 23.2%, Neiro on the Ethereum blockchain has maintained its momentum, quickly achieving a market capitalization of $11 million and amassing over 3,340 holders, according to GeckoTerminal.
Despite Buterin’s unexpected sell-off, Neiro’s price resilience stands out. Over $1 billion was liquidated in the crypto market in the past 24 hours, with major assets like Bitcoin falling below the $50,000 mark. In stark contrast, Neiro has defied this trend, showcasing the strength and enthusiasm of its community.
###解説
- The substantial rise in Neiro’s price following Buterin’s sell-off highlights the strong community support behind the meme coin.
- Neiro’s launch timing and association with Kabosu, the face of Dogecoin, significantly boosted its popularity and initial market performance.
- The quick recovery after the sell-off indicates robust investor confidence and market resilience.
- The broader market downturn has not significantly impacted Neiro, showcasing its potential as a standout meme coin.
- The ongoing interest and investment in Neiro suggest that the meme coin market, despite overall declines, still has significant pockets of enthusiasm and support.
Neiro’s performance contrasts sharply with other leading meme coins, such as Dogecoin and Shiba Inu, which fell by more than 20% during the same period. This resilience could signal a promising future for Neiro amidst the volatile meme coin market.