Big NEIRO news coming in as a well-experienced crypto trader in the meme coin market, with address 0x944, recently bought $NEIRO for the first time in a significant volume. The last purchase, which occurred 6 hours ago, involved 8.02 million $NEIRO (approximately equivalent to $782.74K) that was withdrawn from the crypto exchange Bitget; this purchase is large and has already impacted the market for the token.
A smart meme trader accumulated $NEIRO (@NeiroOnEthereum) for the first time.Whale 0x944 withdrew 8.02M $NEIRO ($782.74K) from Bitget 6 hours ago, marking the first time they’ve accumulated $NEIRO.Notably, he has earned hundreds of thousands of dollars in profit from other… pic.twitter.com/UNg1NDKFPI
— Spot On Chain (@spotonchain) November 2, 2024
Whale Accumulation Signals Market Interest
Whale 0x944 has been particularly noticed as it is the first time this trader buys $NEIRO, a memecoin on the Ethereum network, continuously increasing in popularity. He has been involved in buying other meme coins like $WOJAK and $TURBO, and he is famous for his profitable trades. This has made many people believe that there is optimism for the price of tokens to continue rising after he decided to enter the $NEIRO market.
Immediate Impact on NEIRO
After this transaction, the memecoin has been trading at 17.12 % higher than the price it was at 24 hours ago. This is quite expected to rise, the same way it tends to do when established crypto traders buy more tokens since it leads to more focus and investment into such an asset. Such a move and the whale’s track record of turning meme coins into profits clearly show that the memecoins has a bright future in the short run.
Portfolio of Whale 0x944
According to the latest updates, Whale 0x944 owned a good range of assets, but now, $NEIRO has dominated the chart of his portfolio. Apart from that, he holds other tokens, including 2.625 billion $MAGA worth $494.74K, 0.254 ETH worth $636,570, and USDT and WETH in smaller figures.
Community and Market Reactions
This transaction has stirred the interest of crypto analysts and enthusiasts across social media platforms and trading platforms. Whale 0x944 is known to have profited from such assets, and the community is hopeful that he will bring more investors and a rise in the price of $NEIRO.
The memecoin received a lot of attention because of the large investment by a leading whale investor, which has pushed the price up. As the community sentiment shifted, traders and investors were closely hoping and speculating whether such a move would cause an extended bullish run on the token.
