SpotOnChain revealed through on-chain data analysis what exactly happened with NEIRO and NEIRO on Ethereum, all due to Binance listings.

In a shocking turn of events, the crypto market witnessed a stark contrast in the performance of two similarly named tokens. While #NEIROETH saw a steep decline of 42%, $NEIRO experienced an astronomical rise of approximately 1000% in just one night.

This wild price action didn’t go unnoticed by savvy traders. Several wallets made significant profits from $NEIRO’s surge:

  • One early investor, identified by the address “0x6ac”, is sitting on gains of about $1.77 million, a 45x return on their initial investment. They currently hold 4.6 billion $NEIRO tokens, valued at around $1.75 million.

  • Another trader, “0xc05”, managed to snag a hefty profit of $619,000 in less than a day. They used a bot called #BananaGun to quickly purchase $NEIRO tokens worth 140 ETH right after Binance announced the listing.

  • A third trader, “0x090”, cashed out for a $302,000 profit (a 603% return) after holding for just four days. They sold 1.057 billion $NEIRO tokens for $352,000 following the price spike.

Binance’s listing decision has triggered a wild ride: #NEIROETH plummets 42% while $NEIRO skyrockets ~1000% overnight!Let's check out some on-chain highlights in pic.twitter.com/R8jxgJcp7F

— Spot On Chain (@spotonchain) September 17, 2024

Interestingly, despite the significant drop in #NEIROETH’s price, some big players seem to be increasing their holdings. Wintermute Trading, a well-known market maker in the crypto space, reportedly added 19.11 million NEIROETH to their portfolio in the 24 hours following the price drop. This brings their total holdings to 55.36 million NEIROETH, valued at approximately $4.11 million.

Given these developments, NEIROETH is attracting attention as a potentially interesting option in the meme coin market.

Read also: Pro-XRP Lawyer Criticizes SEC’s Lawsuit Against Ripple: ‘An Unprecedented Move in 75 Years’

PandaWorld: A New Contender in the Meme Coin Arena

PandaWorld offers a turn-based role-playing game (RPG) where players can embark on quests, collect cards, and build teams. This gaming experience is complemented by a casino platform that uses blockchain technology to ensure fairness and transparency in gameplay. The project aims to leverage the popularity of memes while providing real utility through its gaming and casino offerings.

Currently in its presale stage, PandaWorld offers investors the opportunity to purchase PADW tokens at potentially lower prices before public launch.

Tokenomics: The $PADW token has a total supply of 88.8 billion tokens, with a significant portion (40%) allocated for presale to attract early investors. The remaining tokens are distributed as follows:

  • 20% for liquidity

  • 15% for staking rewards

  • 10% for marketing

  • 10% for an ecosystem fund

  • 5% for project funding

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The post How NEIRO on ETH Plummeted 40% While NEIRO Exploded 1,000% Overnight – What’s the Best Meme Coin to Buy Now? appeared first on CaptainAltcoin.