Today, let's focus on the rising star on the list of gainers - NEIRO.

The name of this token was inspired by the new pet rescue dog adopted by the owner who was famous for owning Kabosu (the prototype dog behind Dogecoin). This unique background quickly made NEIRO the new favorite in the MEME coin world.

On many mainstream public chains such as Ethereum and Solana, multiple tokens named NEIRO have been launched one after another. Among them, NEIRO on Ethereum is particularly eye-catching, quickly climbing to the status of "king of the dog world", and its market value once exceeded the $160 million mark.

Behind this seemingly prosperous market, there are signs of complex manipulation. PANews deeply tracked the flow of funds of $NEIRO tokens and revealed a carefully planned behind-the-scenes operation network. The initial sources of funds of multiple wallet addresses that are seemingly unrelated can be traced back to the same mixer platform called Cointool. This discovery reveals the hidden connection between these addresses.

On July 27, a carefully designed market operation was quietly staged. These associated wallet addresses quickly purchased $NEIRO tokens in small transactions at almost the same time, creating an illusion of a sharp increase in trading volume, intending to attract market attention and follow suit. Then, robots that specialize in monitoring and sniping new coins, as well as automated programs for market making arbitrage, joined the battle, further confusing the market and successfully covering up the insider trading behind them.

Until August 1, most of the $NEIRO tokens in these addresses had not been sold. This behavior is likely to avoid exposing their true intentions too early and maintain the relative stability of the market so that large-scale cash can be cashed out at a more appropriate time in the future. So remember to reduce your positions after making a profit and set a stop loss to avoid deep losses! #NEIRO🔥🔥🔥🔥