A trader made substantial gains with the Neiro token on Ethereum, according to data shared by blockchain analytics platform Lookonchain. The trader sold 8.41 billion NEIRO tokens for $32,400, netting a 30x return on their initial investment of just $1,000.
This comes as NEIRO experiences significant price growth, with CoinGecko reporting a 35.52% increase in the last 24 hours. Lookonchain revealed that the trader spent 0.32 ETH (approximately $1,000) to acquire 8.41 billion NEIRO tokens.
They later sold this entire holding for 9.98 ETH ($32,400), resulting in a 30-fold return on investment.
The 8.41B $Neiro this guy sold for $32.4K is now worth $17.5M!He spent only 0.32 $ETH($1K) 8.41B $Neiro sold all for 9.98 $ETH($32.4K), a 30x return!That's a significant gain, but if he had held on to it until now, the return would have exceeded 16,690x!… pic.twitter.com/9uiP4fVLRm
— Lookonchain (@lookonchain) October 12, 2024
However, Lookonchain noted that had the trader held onto their position, the potential returns could have been even more substantial. At current prices, the same NEIRO holding would be worth an estimated $17.5 million, representing a hypothetical 16,690x return.
NEIRO’s Recent Price Performance
NEIRO has shown strong momentum in the crypto market. CoinGecko reports that the token is currently trading at $0.1144, with a 24-hour trading volume of $112,397,981.
Beyond its daily gains, NEIRO has seen an 87.12% price increase over the past week, indicating growing interest from traders and investors.
Celebrate Dogecoin and Make Big Gains with Doge2014!
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Show less –
Read also: Why Is Ethena (ENA) Price Up?
Market Sentiment and Trading Activity
Crypto trader Satoshi Flipper shared their perspective on NEIRO’s price action. In a tweet, they described entering a position in NEIRO after observing a “beautiful breakout of this bullish descending channel as price was resting on support.”
Satoshi Flipper expressed optimism about the token’s potential, suggesting that the “top of the range for this breakout is a 3x from here.”
#NEIROETH/usdt 4 hourGot a little jealous everyone is having fun with $NEIRO so I aped the beautiful breakout of this bullish descending channel as price was resting on support. All my friends love $NEIRO on #Ethereum ( @NeiroOnEthereum ) … top of the range for this breakout… pic.twitter.com/03yvqEzYxB
— Satoshi Flipper (@SatoshiFlipper) October 11, 2024
The trader’s comments reflect the positive sentiment surrounding NEIRO within some segments of the crypto trading community. This enthusiasm, coupled with the token’s recent price performance, may be contributing factors to its increased trading volume and market visibility.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Trader Makes Over 30x Returns With Neiro on Ethereum: NEIRO Price Pumps appeared first on CaptainAltcoin.
