A crypto investor managed to turn an initial investment of $16.5K (Rp. 252 million) into $1.8 million (Rp. 27.5 billion) thanks to the soaring price of the meme coin $Neiro (NEIRO). This happened after the coin was announced to be listing on Binance.
Neiro's price increase reached more than 1000% last Monday. Apart from that, other investors also managed to make profits of more than $500,000 (Rp. 7.6 billion) in less than a day.
The savvy investor, known by the pseudonym 0x6ac, bought 5 ETH worth of NEIRO during its first two days of existence. Holding the asset for eight weeks, their decision paid off when Binance announced it would list it.
This announcement made the price of the meme coin soar more than 100 times the investor's initial investment.
These incredible gains demonstrate the potential volatility and rewards that can be gained from an initial investment in a low market cap token, especially in the meme crypto domain. Adding to the excitement, other crypto investors took advantage of Binance's announcement just minutes before it was made public.
This individual bought $NEIRO about 40 minutes before today's listing announcement and now has a profit of more than $516,000 (Rp. 7.9 billion) in less than six hours. NEIRO soared by 1000% today, driven by the excitement surrounding its official debut on Binance. However, these crypto investors are considered insiders due to the timing of their purchases.
