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Analysis: NEIRO may have already emerged from the accumulation phase, with frequent whale activity

Analysis: NEIRO may have already emerged from the accumulation phase, with frequent whale activity

Bitget2024/10/13 04:59

PANews reported on October 13th, according to Spot On Chain monitoring, NEIRO seems to have exited the accumulation phase and whales have become noticeably more active. This includes:

Buyers:

GSR Markets currently holds 40.4 million NEIRO, accounting for 4.04% of the total supply. The last increase was two days ago;
Smart money 0xe9f sold $1 million worth of OM and ATH three hours ago and received the first batch of 8.45 million NEIRO;
bwecapital.eth accumulated 4.065 million NEIRO two days ago, accounting for 0.4% of circulating supply;

Sellers include:

An entity that profited $145 million from SHIB sold all its 17.5 million NEIRO five days ago (before the surge), losing $1.49 million (-55%);
Whale account 0x00d deposited 4.7 million NEIRO ($531k) into Bybit in the past seventeen hours, making a profit of $247k (+87%).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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