NERIO price hit a new high yesterday. Let's take a look at its market maker Gotbit. Gotbit is well-known for its market-making services in the field of MEME coins. It includes familiar coins such as HMSTR and BONK.
1⃣ In 2022, Bonk, the first meme coin on the Solana chain, was launched, and its market value rose rapidly. Gotbit is the market maker of Bonk;
2⃣ In 2023, during the Solana chain meme boom, Gotbit provided market-making services for ANALOS, creating a miracle of 3,700 times wealth;
3⃣ In 2024, meme coins are still hot, and Gotbit focuses on providing market-making support for multiple meme coins such as HMSTR and NERIO.
⚠️ Black history warning: At the end of 2023, Gotbit had been working with ANALOS for only 2 weeks, and its market value plummeted from a peak of $150 million to $19 million. Then the tokens disappeared completely and investors could no longer trade. The top 10 holders made a total profit of more than $7 million during this period.
In May 2024, the beer-themed meme coin BEER pre-sold 30,000 SOL (about $5 million). After going online, the price once soared to a maximum of 30 times, and the market value climbed to $500 million. However, within a month, the price fell by 90%, and the market value dropped to about $50 million. According to LookonChain's monitoring, wallets associated with the BEER team have sold at high prices many times, making a profit of more than $3 million.
After the BEER incident, Gotbit copied similar operations. WATER raised more than $41 million in the pre-sale stage, and the price quickly rose nearly 10 times after it went online, with a market value of over $1 billion. However, within just a few hours, the price plummeted. LookonChain exposed the insider trading behavior of its team, which transferred 844 million WATER tokens to 11 wallets that did not participate in the pre-sale and then sold the tokens. An on-chain sniper lost more than $710,000 in the process.
Because neiro has a stain, capitalized NERIOEth has seized the opportunity to rush in these days. The market started with disagreements, and the uppercase and lowercase dispute has not ended. It is rumored that the market maker is shib's team, so capitalized I evaluated the market value of 300 million and opened a 3x contract.
Yesterday, bome had an abnormal movement, and the market attributed the reason to the sloth slerf's pull-up. Whether there is a reversal here, see if it can break 0. At present, it can only be confirmed that it has gone out of the bottom.It is not recommended to use contracts for this type of coin.
