Amazingly, despite the tough market conditions and massive whale selling, $NEIRO on Ethereum has surged 8% today and over 800% in the past seven days.

On-chain reports show that Ethereum co-founder Vitalik Buterin sold all 17.15 billion NEIRO tokens he held, totaling 44.42 ETH (about $119,000).

Eight days ago, Neiro transferred 17.15 billion NEIRO to Buterin, representing 4.08% of the total supply, making him the largest holder of NEIRO after its launch, in an effort to bolster the token’s credibility.

However, Buterin’s sell-off caused the NEIRO price to plummet 60% from $0.022 to $0.013. Despite the setback, the token showed resilience, briefly recovering to $0.015 before stabilizing at $0.013 again.

The Neiro team had hoped to use Buterin’s involvement to increase legitimacy and visibility. After Buterin’s unexpected sale, they asked Buterin to donate part of the proceeds to a stray dog ​​shelter in line with their charitable goals. In addition, Neiro also planned to build a reserve fund for future exchange listings and other charitable activities.

This incident highlights the volatility of the cryptocurrency market, where major changes in key figures can have a huge impact on token prices. Despite the initial drop, NEIRO's strong recovery demonstrates strong community support and market resilience.

NEIRO will continue to navigate the turbulent market with a focus on maintaining growth and fulfilling its charitable mission. The team is proactively turning potential setbacks into opportunities for positive publicity and future development, which may set a precedent for other projects in the cryptocurrency space.