Crypto market cap dropped 3% to $2.04 trillion, driven by trader fear and external events.
NEIRO token surged 1000% overnight, enabling three traders to earn $2 million collectively.
NEIRO's market cap hit $154.3 million, with a trading volume of $441.7 million, showing strong demand.
In recent days, there has been a notable downturn in the cryptocurrency market. Fear has been the dominant emotion among traders, which caused the global market capitalization, which is currently $2.04 trillion, to decline by 3%.
Notably, the market's overall volatility increased as traders were reluctant to take any action. The news of a second attempt on former President Donald Trump's life added to this unease. This incident heightened the already tense atmosphere in the market, making investors more cautious.
Investors Find Opportunity in NEIRO's Unexpected Rise
Despite the general pessimism, a number of investors succeeded in making sizable gains. Notably, in just four days, three traders made $2 million combined by taking advantage of the sudden surge in the value of the NEIRO token. Considering the current state of the market, this was an impressive overnight 1000% increase in the token's value.
Consequently, popular meme coin NEIRO proved its worth even in a sluggish market. Leading analytics platform Spot On Chain's data indicates that these traders' wallet addresses have been located. An incredible 1.77 million was made by one trader who invested 5 ETH ($16.5K), a 45X return on their original investment.
https://twitter.com/spotonchain/status/1835875270651416857
Furthermore, the second trader made $619,000 in just 20 hours by using a BananaGun bot. Snipping 140 ETH was the tactic used after Binance revealed the NEIRO token listing. The third investor sold 1.057 billion NEIRO and made $302,000, a 603% profit in four days.
Hence, the success of these traders in an otherwise declining market shows that smart moves and token selection can result in rapid profits.
NEIRO's Growing Influence and Market Impact
According to the Spot On chain data, these traders continue to own a sizable amount of NEIRO, demonstrating their faith in the project's future. With a NEIRO worth of $1.688 million, the first trader possesses 4.599 billion.
Additionally, this investor also owns a diversified portfolio with a total value of $1.697 million that includes ETH, BNB, LADYS, and USDC. The majority of the $1.259 million portfolio of the second trader is made up of NEIRO along with other assets like MOG, ETH, and USDC.
Finally, the third trader has $351,739 worth of holdings, mostly in USDT and a lesser amount in NEIRO. After reaching an all-time high of $0.0004159, the current price of NEIRO is $0.0003674. The token's strong demand is demonstrated by its $154.3 million market capitalization and $441.7 million trading volume.
The post Crypto Market Sees 3% Drop Amid Rising Fear; NEIRO Token Defies Trend with 1000% Surge appeared first on Crypto News Land.
