ZackXBT questioned Neiro's cooperation as "the worst meme market maker", and the currency price soared 38% after the official admitted his mistake.
On-chain detective ZackXBT recently questioned the crypto project $NEIRO (lower case Neiro) team’s choice of the disreputable market maker Gotbit Consulting, which has attracted widespread market attention. Gotbit Consulting is known as "DWF in the Meme world" and is mainly involved in the market making of multiple Meme projects such as $BONK and Neiro. However, Gotbit was recently jointly sued by the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice for alleged fraud and manipulation in the crypto market, involving manipulation of the crypto market.
ZackXBT publicly questioned the Neiro team on Twitter as to why they chose Gotbit as a partner, emphasizing that Gotbit’s reputation in the industry has long been controversial, and there has been multiple evidence showing that they were involved in multiple pull-and-ship operations. This problem is particularly serious after the US government filed a lawsuit against it this week.
Faced with accusations, Neiro officials quickly admitted that choosing Gotbit was a wrong decision and publicly apologized to the community. This transparent attitude seems to have received a positive response from the market, with Neiro’s currency price rising against the trend after the incident, soaring by 38%.
This incident demonstrates the importance of transparency in the encryption market. The attitude and response of the project team when facing external doubts have a significant impact on the trust of its community and market performance.
