The crypto community was ever so pleased with NEIRO’s recent parade of a 5,500% increase. Early investors who rode the first wave were very grateful as well. On the downside, it seems over 50% of insiders' wallets have been cashed out after such an incredible surge, which created waves in the market.
The crypto community was ever so pleased with NEIRO’s recent parade of a 5,500% increase. Early investors who rode the first wave were very grateful as well. On the downside, it seems over 50% of insiders' wallets have been cashed out after such an incredible surge, which created waves in the market. Of course, the decision by first adopters to cash out in any other case was not a big surprise, but concerns about NEIRO and its scope have been raised in the minds of many investors
What Comes Next After ‘The Great Sell-off’ Tf The Insiders?
After the second of two major surges, insiders begin to take positions on meme coins and related assets in order to feel profits and move on due to insiders being trapped. NEIRO now comes to a position in which over half of the wallets of insiders have been taken after NEIRO’s incredible rise. What NEIRO has to face is how to sustain growth and demonstrate that the investment is more than just a fad. In the past, throughout the history of sell-offs, price declines are also apparent when it goes back into adjusting the market. Currently at $0.0044, for NEIRO, the most important risk is whether the new investors or the community will be able to sustain the project or whether it will just be another in a sea of “pump and dump” crypto projects. In order for NEIRO to maintain such price levels, let alone further appreciate, it will have to prove its worth through use cases, development, or increasing the level of community involvement. As NEIRO struggles with the destructive consequences of the exit from their team, Rexas Finance (RXS), a very promising alternative, appears, based on strong fundamentals that could help RXS outperform not only NEIRO but also many other speculative tokens.
